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Aerospace contractor have 4 employees whose combine salaries through the end of this year are $250000. Calculate the present worth of the employees' salaries over the next 5 years if the contractor
Determine the smallest acceptable annual income from a project which has a $84,127 investment cost and a $71,552 salvage value is the life is 15 years and MARR is 15%?
Discuss how much money would the consumer need in order to have the same utility level after the price change as before the price change?
A monopolist with a straight line demand curve finds it can sell 1 unit at the $7 each or seven units at $1 each. Its marginal cost is constant at $6 per unit.
The school board wants to know the optimal plan for meeting its computer needs. Prepare the problem by using the appropriate integer programming modeling framework and solve it by using the Excel So
A machine that forms a certain piece must be turned off by operator after each piece is completed. The machine "coasts" for 15 seconds after it is turned off, thus are preventing the operator from r
Assume the technology for producing mitts improves the meaning that fewer resources are required for each mitt. In contrast, technology for forming the soccer balls does not change. How can draw a n
Discuss what effect would a 10% increase in the price of cigarettes due to increase the cigarette taxes have on cigarette consumption and the consumer spending on cigarettes?
A real word comparative advantage for Italy over Greece in olives is measured by a ratio of Italian exports of olives to Greek exports that exceeds one. Determine this ratio and consider it the real
Suppose you took a $1500 loan today and agreed to pay $500 in the year two, $500 in year four and $1500 in year six (final year). Identify the interest rate you are being charged per year using: i.
Suppose the demand for a medical service is given by equation P = 1000-2Q. Suppose the price without insurance is $100, but insurance reduces consumer's out-of-pocket price to $50.
An environmentally, friendly 2,800 square-foot green home (99% air tight) the cost about 8% more to construct than a same-sized conventional home.
A toll bridge across the Mississippi River is being considered as a replacement for current I-40 bridge linking Tennessee to Arkansas. Because this bridge, if approved, will become a part of U
Health care costs are reportedly rising at an annual rate that is triple general inflation rate. The current inflation rate is running at the 4% per year.
A large corporation's electricity bill amount to $400 million. During next 10 years electricity usage is expected to increase by 75%, and calculated electricity bill 10 years hence has been pro
Suppose you are an efficiency expert hired by a manufacturing firm that uses the K and E as inputs. The production function for a competitive firm is Q = K^1/2 E^1/2.
A machine that produces a certain piece must be turned off by the operator after each piece is completed. The machine "coasts" for 15 seconds after it is turned off, thus are preventing the operator
Discuss why did the U.S. command in Berlin in 1945 and, later, President Richard Nixon in United States impose the price controls and wage? What were the results?
Suppose firm A wants to merge with the firm B for $7.5 billion. Before the potential merger, market for good produced by the firm A and B consisted of 5 firms. The market was highly concentrated, wi
Assume a consumer's preferences are represented by utility function U = MIN(X,4Y). The price of Y is PY = 2, and the consumer has income, M = 210.
Blake and Amanda have found a house, which owing to a depressed real estate market costs only $201500. They will put the $22000 down and the finance remainder with a 30-year mortgage loan from Bank
Discuss what kind of economies of scale exists in funeral business? Why doesn't someone build one colossal funeral home and drive costs down further?
Provide an example of a situation in which the outsourcing had a positive impact on an organization or the country or one in which outsourcing had a negative impact on the organization or c
Suppose that there are 2 identical firms in an industry, each forming the same good at the same constant marginal cost of $60. The Consumer Demand is given by:
Suppose that there are 2 identical firms in an industry, each producing the same good at the same constant marginal cost of $10. The Consumer Demand is given by: P(Q) = 100 - Q/50.