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An electrical company audit indicates that motor consumption is 4x106 kWh per year. By upgrading to high efficiency motors a 10% savings can be made. The additional cost for the motors is $80,000. Assuming a $0.08/kWh of energy and 20-year life, will this purchase pay off with a rate of return of 20%? Do the analysis by present worth, annual cost, and rate of return methods.
Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automaticall
DIFFICULTIES IN MEASURING THE NATIONAL INCOME There are some conceptual and statistical problems in measuring national product. Some items are excluded from the national incom
Determinants of Money Supply The preceding sections concentrate on the processes through which the commercial banking system creates and destroys deposits by purchasing and se
It is assumed that the hazaed rate for a pressure valve is given by h(t)= 1/5+t. 1. What is the cumulative probability function of failure F(t)? 11. What is probability densi
Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?
why and how is price level determined by the monetary sector in the classical model?
Question 1: Consider a closed economy with no government sector in which consumption (C) is related to income (Y) by the equation: C = A + bY (a) What is the marginal pr
discuss the different of cost?draw the cost curves
What is money wage rate While the money wage rate or nominal wage rate is the hourly wage rate calculated in money that a worker receives for supplying labour, the real wage r
it has been argued that economic development of developing countries has been held back by a persistent fall in the terms of trade of developing countries over the long run
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