Which robot is the better economic option

Assignment Help Microeconomics
Reference no: EM13881642

PGM Consulting is under contract to Montgomery County for evaluating alternatives that use a robotic, liquid-propelled "pig" to periodically inspect the interior of buried potable water pipes for leakage, corrosion, weld strength, movement over time, and a variety of other parameters. Two equivalent robot instruments are available. Robot Joeboy will have a first cost of $85,000, annual M&O costs of $30,000, and a $40,000 salvage value after 3 years. Robot Watcheye will have a first cost of $125,000, annual M&O costs of $27,000, and a $33,000 salvage value after its 5-year life. Assume an interest rate of 8% per year. (a) Which robot is the better economic option? (b) Using the spreadsheet Goal Seek tool, determine the first cost of the robot not selected in ( a ) so that it will be the economic selection.

Reference no: EM13881642

Questions Cloud

Designing a rectangular enclosure with 2 rectangular : You are designing a rectangular enclosure with 2 rectangular interior sections separated by parallel walls. If you have 2100 feet of fencing, what is the maximum area that can be enclosed?
Volumetric flow rate of air into the cooler : In a device to produce potable water, humid air at 90°F, 29.7 in Hg, and 95% relative humidity is cooled to 40°F at constant pressure. What volumetric flow rate of air into the cooler (ft3/min) is required to provide 10.0 gal/mm of condensed water..
At the crispy critter''s head shop and patchouli emporium : At The Crispy Critter's Head Shop and Patchouli Emporium along with their dried up weeds, sunflower seeds and astrological postcards they sell an herbal tea blend. By weight, Type I,x1, herbal tea is40%peppermint,20%rose hips and40%chamomile, Type II..
Calculate the mass of the water in the flask : (a) What were the relative humidity, absolute humidity, and wet-bulb temperature of the air at 40°C? (b) Calculate the mass of the water in the flask. (See Example 8.4-5)
Which robot is the better economic option : (a) Which robot is the better economic option? (b) Using the spreadsheet Goal Seek tool, determine the first cost of the robot not selected in ( a ) so that it will be the economic selection.
Mortgage lending product of bank muscat : Make a report of 12000 words on Mortgage lending product of Bank Muscat. Distinguish it from the conventional mortgage lending product and analyse its position in the market and Evaluate the current portfolio of Baituna home loans product of Bank Mus..
Pioneer report the change : 1.At the beginning of 2013, Pioneer Products' ownership interest in the common stock of LLB Co. increased to the point that it became appropriate to begin using the equity method of accounting for the investment.
Why do robert symptoms increase in the first two days : Why do Robert's symptoms increase in the first two days? Why is he given glucocorticoids? Based on the fact that Robert was not given tPA, what is the most likely cause of the CVA
Hydrogen and nitrogen in different proportions : Gas streams containing hydrogen and nitrogen in different proportions are produced on request by blending gases from two feed tanks: Tank A (hydrogen mole fraction = xA) and Tank B (hydrogen mole fraction = xB). The requests specify the desired hy..

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the equilibrium price and quantity

a.What is the equilibrium price and quantity if the market for chocolates is perfectly competitive?b.If Mimi Chocolates has a monopoly in the markets what will be the price in the market and the quantity produced? Now that P is no longer equal to MR;..

  What two policies could you use to reduce the total amount

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases

  The owner of a restaurant is considering lowering menu

the owner of a restaurant is considering lowering menu prices to draw in more customers. he is debating between

  Determine the demand curve it faces

What kind of experiment could a firm conduct to determine the demand curve it faces - how can the firm use the information contained in an Engel Curve and government forecasts of income to predict future demand?

  Supply elasticity of airline tickets is less than infinity

In 1997, the Federal government reinstated a ten percent excise tax on airline tickets. The industry bid to pass on the full ten percent ticket tax but was only able to boost fares by four percent.

  Econ on last job i attached seveal documents but it only

on last job i attached seveal documents but it only posted one. so first job posted and this one for the amount listed

  What are primary principles involved in community building

What are the primary principles involved in community building? Describe what is meant by enhancing a community's strengths and what kinds of efforts would be involved in working toward positive change.

  Discuss the motivation of policymakers

should owners use market research when making decisions about starting or expanding a business POLICY MAKER 1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that..

  Suppose a firms production function

Normal 0 false false false EN-US X-NONE X-NONE Suppose a firm's production..

  Fom the economic standpoint find the likely costs and

president obama has not yet decided whether he will approve a new pipeline the keystone xl that would carry newly

  Determine government policy to rescue airlines industry

Assume that you are an advisor to the United States section of Justice, the agency with responsibilities that include, among others, the power to approve or disapprove proposed business mergers in the U.S.

  When the price of corn was low consumers in the united

when the price of corn was low consumers in the united states spent a total of 3 billion annually on its consumption.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd