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In a bulding construction project, 7,500 feet of insulated ductwork is required. The duckwork is made from 14-gauge steel costing $8.50 per pound. The 24-inch-diameter duct weights 15 pounds per foot. Insulation for the duckwork costs $10 per foot. Engineering design will cost $16,000, and labor to install the ductwork will amount to $180,000. What is the total cost of the installed ductwork for this project?
Lenders perceive that you are risky, so you must pay 12 percent annual interest to borrow from one of them. You only receive 6 percent on funds that you have deposited in the bank. Do the opportunity costs of borrowing and using your own funds dif..
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolis..
A security system costs $ 17000, and annual maintenance is $ 950. After 5 years, the salvage value of the system is $ 3000. The interest rate is 8 %. Determine the equivalent annual cost.
Consider the simple linear regression model without an intercept, y = ß1x + u, with the assumption E(u|x)=0. Also assume that E(x)=0 Show that E(y)=0 and using this as well as E(x)=0 show that the covariance between x and y is given by E(xy) and t..
Economist in Funlandia, a closed economy, have collected the following information about the econonmy for a particular year. Y= 10,000 C= 6,000 T=1,500 G= 1,700 The economists also estimate that the investment function is
A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years
The "graying of America" will substantially increase the fraction of the population that is retired in the decades to come. To illustrate the implications for U.S. living standards, suppose that over the 49 years following 2009 the share of the po..
Big State X charges in-state and out of state students different tuition rates. In-state students pay $2,000 a term and respond according to the following demand equation: Qi=25,000-3Ti Where Qi is in-state student enrollment and Ti is is in-state ..
Analyzing domestic market for corn Qd= 1800 -125P-10pw Qs = 440 + 165P Quantities in millions of bushels; prices are measured in dollars per unit. Pw is the price of wheat. Pw = $20, calculate the equilibrium price and quantity of corn.
The operations manager of Black Cat Blades Ltd. of Edmonton, Alberta, is examining the cost of maintaining the company's manufacturing facility. Maintenance occurs every month. The cost of maintenance starts at $2250 and it will grow by $20 each t..
Children in the United States account directly for $ 36 billion in sales annually. When their indirect influence over product decisions is considered, the total economic spending affected by children in the US is $ 290 billion.
Find the Subgame Perfect Nash Equilibrium where rm 1 chooses its quantity in the rst stage, then in the second stage rm 2 makes its quantity choice. Find the equilibrium quantities, price, and prots. Which rm produces more in equilibrium Find the ..
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