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The useful life of a machine is 6 years with 1,800 hours of operation annually. The estimated annual ownership and operating cost is $72,450.
What is the hourly ownership and operation costs?
If the production rate of the machine is to excavate 30yd^3 per hour, the is it cost is what?
If the machine has to excavate 2,000yd^3 of dirt, what is the total cost of this operation?
Zelda Manufacturing has are unique product that sells for $15 per unit and marginal cost is $7.50. Conclude Lerner index for Zelda Manufacturing. Does this index indicate market power.
The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.
It is observed that in an area with a lot of illegal immigration, the average wage of native born workers actually increased. Explain how this could have happened, using economic logic. Also, judge whether this is good or bad for the local economy.
Despite recent positive economic news for the US economy, some Federal Reserve officials are still worried about inflation being too low or even the threat of deflation. Why might an inflation rate that is too low be harmful to the US economy? Why mi..
Please, complete the following 2 applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.
What is South Africa’s, attitudes and beliefs? Religion, material culture, language, organization of society, level of economic development.
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your class..
When the Economy is at the point of Full Employment, is the Unemployment Rate zero percent.
There is persistent fear that there will be a high level of deflation. Many economists warn that it may be worse for the economy than if there is high inflation. Let\'s work through one example. What is the real interest rate that Herb expected to pa..
M is the average income in the United States. What could be the impact on your rm.
Suppose you are the main negotiator between your company and retailers carrying your company's line of dairy products. Your company is attempting to introduce a new brand of Greek yogurt, and it is your responsibility to negotiate agreement between y..
Discuss how each of the 4 factors contributed to the elasticity of the good.
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