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Since many U.S. Navy aircraft are at or near their usual retirement age of 30 years, military officials want a precise system to assess when aircraft should be taken out of service. A computational method developed at Carnegie Mellon University maps in 3-D the microstructure of aircraft materi- als in their present state so that engineers can test them under different conditions of moisture, salt, dirt, etc. Military officials can then determine if an aircraft is fine, is in need of overhaul, or should be retired. If the 3-D system allows the Navy to use one airplane 2 years longer than it normally would have been used, thereby delaying the purchase of a $20 million aircraft for 2 years, what is the present worth of the assessment system at an interest rate of 15% per year?
Analyze the role of credit in our economy and how it influences the business cycle. In your answer, explain how the role of credit leads to the stability of our economy.
A retail store faces a demand equation for Roller Blades given by: Q = 180 - 1.5P, where Q is the number of pairs sold per month and P is the price per pair in dollars - The store currently charges P = $80 per pair. At this price, determine the numbe..
three people are in a duel. the first is an olympic shooter the second is an average shooter and the third is a drunk.
A farmer just purchased a tractor for which he had to borrow $20,000. The bank, using an 8% interest rate, offered a choice of three payment plans as shown below. The farmer’s Minimum Attractive Rate of Return (MARR) is 15%.
Suppose that a study conducted by the Department of Homeland Security discovered that the average time it took passengers to go through the customs process for international flights arriving at the Atlanta airport was 33 minutes.
Consumers in Georgia pay twice as much for avoca- dos as they do for peaches. However, avocados and peaches are the same price in California. If consumers in both states maximize utility, will the marginal rate of substitution of peaches for avoca..
You are the manager of a monopolistically competitive firm. The inverse demand curve you face is P = 50 – 4Q. Your cost function is C(Q) = 10 + 2Q. What level of output should you produce to maximize profits? What is your profit and what will happen ..
A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. If only one bidder values the item at or above the reserve price. An auctioneer fa..
In the U.S., for approximately the past 100 years, it has been the policy of the U.S. government to prevent firms from obtaining enough share of a market to act as a monopolist.
1) Define and explain Greenfield venture in relation to Foreign Direct investment (400 words). 2) Were Greenfield Ventures advantageous for Netflix? (600words).
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
in roswell new mexico the retail gasoline market consists of eight firms. firm 1 has 40 percent of the market firm 2
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