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a large induced-draft fan is needed for an upgraded industrial process. the motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8760 hours per year. the motor's efficiency is 90%. Because the motor is fairly large, a demand charge of $90 per kilowatt per year will be incurred in addition to an energy charge $0.08 per kilowatt-hour. if the installed cost of the motro is $3500, what is the present worth of the motor over a 10-year period when the MARR IS 15% per year.
c.In order to enhance total revenue from selling oranges, would you recommend a decrease in price of oranges Why d. Calculate price elasticity of revenue; e.What would be the effect of a 3% increase in price of oranges on total revenue
Submit at least one coordinate point that can be used to graph the line 1A - 1B = 3. Remember that the left hand side must equal the right hand side when you plug your numbers in. Your submission must be unique from.
a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. Total Output Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor fo..
Expenditure Approach to GDP Given the following annual information about a hypothetical country, answer questions a-d. Billions of dalloars Personal consumption expenditures $200 Personal taxes $50 Exports $30Depreciation $10 Government purchases $50
Suppose that you expect to sell about 22,000 cookbooks per month online, and assume that your overhead, technology, and equipment costs are fixed. What are your total costs What are your marginal costs
This is, in part due to the fact that the company spent 1.2 billion developing the drug and obtaining FDA approval. An economist has estimated that, at the current price of $1.25 per pill, the own price elasticity of demand for the drug is -2.5.
What is the cost function, marginal cost function, and average cost function for each plant? b) What is the efficient scale and minimum average cost for each plant? c) What is the cost function for the firm?
The supply curve for product X is given by QXS = -520 + 20PX . a. Find the inverse supply curve. P = + Q b. How much surplus do producers receive when Qx = 400? When Qx = 1,200
A firm enters the market, and they engage in Cournot competition. The market inverse demand curve is still given by P=30-2Q, and both firms have an identical marginal cost of $2/jar. How many jars of peanut butter will firm 1 produce
Abby consumes only apples. In year1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2, green apples cost $1, and Abby buys 10 green apples. a. Compute a consumer price index for apples f..
A person applied a mortgage of $250,000. A mortgage company claimed the interest rate for the 15-year loan is 5.5%. (a) What would be the monthly payment (b) If the person accepted the terms of the loan on Oct. 1, 2008 (the first payment was due Nov..
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