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A million dollar oil drilling rig has 6 year depreciable life and a 75,000 salvage value at the end of that time. Determine which one of the following methods provides the preferred depreciation schedule; DDB or SOYD. Show the depreciation schedule for the preferred method.
Compute the marginal cost and marginal revenue of each unit of output and enter these figures in the table.
Joe Donaldson deposited $80,000 in his new business. Prepare all entries related to above transactions.
Still remaining including the Ricardian framework, consider that Canada has 100 units of labor available for production while Mexico.
Suppose we have a random sample with 8 observations: x1=-2, x2=x3=-1, x4=x5=x6=0, x7=3, x8=8. Then density function of x is given by \(p(x)=0.5e^{-|x-\mu|}\) Find the maximum likelihood estimator for u.
Explain they aim for a higher or lower target inflation rate. Will higher growth be achieved in the short run and the long run.
Are chocolate and textbooks complements or substitutes for Jen? b. Calculate the income elasticity for chocolate. Is chocolate a normal good? 2c. Assume we observe the following: Qt = 5; pc = 2; pt = 2.
There is an investment opportunity that you would like to analyze. The opportunity requires that you pay $20,000 today, and in return, the investment would send you a check for $6000 at the end of the first year, $8000 at the end of the second yea..
If the price set is the profit-maximizing price, elucidate the price elasticity of demand for calculators faced by the plant.
asume that Bob consumes goods x and y according to the following utility function, U (x,y) = 2x + 4xy + y compute Bob's marginal rate of substitution for good x and for good y. Is the MRS diminishing?
Efficiency is a hot topic in the media regarding transportation, energy, and many other industries. Elucidate how perfectly competitive markets use or do not use resources efficiently.
Refer to the above data. If the product price is $95, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss?
Suppose that you have following open economy where C = 10 + 0.8(Y-T); I = 10; G = 10; T = 10 and imports and exports are given through IM = 0.3Y and X = 0.3Y* respectively
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