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Calculate the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0GPA. Total Hours Hrs Studying GPA HrsWrking Income
A used car you are considering buying is offered for sale for$6800. The bank will lend you $5700 on the car at 15 percentnominal interest, compounded monthly, for 36 months. The bank manager tells y
a company uses solid waste for fuel in theproduction of electricity. The cost Y in dollars per hour toproduce electricity is: Y=12 + 0.3X +0.27X2 ,where X is in megawatts.
Tony spends $36 per month on cookies. For him, chocolate chipcookies and peanut butter cookies are perfect substitutes.Chocolate chip cookies are $4 per dozen and peanut butter cookiesare $3 per doz
What is the annual equivalent value of a geometrically increasing series of payments which has first-year base of $10,000 increasing by 12% per year for 10 years with an interest rate of 6% compound
An investor purchased 100 shares of Omega common stock for 10,000. He held the stock for nine years. For the first four years he received annual end-of-year dividends of $1,000. For the next four
Some people argue that the MINIMUM WAGE by pricing many unskilledteenagers out of the labor market, cause them to turn to sellingdrugs. After all, if a person can't get a job legally, they willget
Chad's income went from $1000 per week to $1500 per week.As a result he increased his consumption of steak from 1 pound aweek to 3 pounds a week. Based on his consumption patterns,what is the income
Calculate and describe the effect of changing the savings rate on the multiplier. the given problem is: 20 years agothe average savings rate was 20 percent of disposable income.
Calculate the marginal propensity to consume after the change in the rate of savings for the following situation. 20 years ago the average savings rate was 20 percent of disposableincome. It is pred
the price of elasticity of demand for tvs in canada is 1.2 and the income elasticity of demand for automobiles is 3. What would the effect of a 3 percent decline in tv prices on thequantity of tvs d
Calculate the marginal propensity to consume after the change in the rate of savings for the following scenerio: 20 years ago the average savings rate was 20 percent ofdisposable income
you open a savings account to save for retirement. everymonth you put in $100 which pays 8% interest compoundedmonthly. at the end of each year you recieve a $500 bonuswhich you place directly into
Present worth of each alternitive. Note: Do the exersise entirely on a present worth basis, not on anannualized basis. Convert each cost component to its presentworth and then sum to get the total p
You are the city engineer and are negotioating with a land developer. The developer wants water service to a new development and you report that service can be completed this year by city crews at
The human resource manager of the XYZ Company makes the followingclaim: "Our workers make an average of $500 per week. Weproduce $8000 worth of output each week using only 10 workers.
The fixed costs at Harley Motors are $1 million annually. The main product has a revenue of $8.50 per unit and $4.25 variablecost. Determine (a) the break-even quantity per year, and (b)the annual p
Tiffany Baking Co. wants to arrange for $50 million in capitalfor manufacturing a new consumer product. The currentfinancing plan is 60% equity capital and 40% debt financing. Compute the WACC for t
The U.S. Army Corps of Engineers is considering the feasibility of constructing a small flood control dam in an existing arroyo. The initial cost of the project will be $2.2 million, with inspectio
Determine which of the two machines should be selected, using an AW-based rate of return analysis, if the MARR is 18% per year. The semi-automatic machine has a first cost of $40,000, an operating
If i = 8%, determine the B/C ratio. Solve the problem on a present worth basis and the on anannualized basis.The cost and benefits for a proposed dike flood control systemare as follows: Capital cost
Sentencing juveniles to adult prisons is like saying society has given up and there is no treatment that can affect their adult potential. It is the responsibility of society to treat juveniles and th
Alternitive A: $2,500 initial cost, 10 year economiclife, $500 salvage, $4,500 per year O & M. Buy a new oneevery 10 years Alternitive B: $3,500 initial cost, 20 year economiclife, $500 salvage, $
A $17,000 car is purchased for $3,200 down with the remainderto be financed ovr 36 months at 10%. Determine:(a) Monthly payments (b) Total interest (dollars) that would be paid in 36months