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# Homework Help for Economics (page 2862)

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Economics

1.

A research engineer invests \$5,000 at the end of every year for a 32-year career. If this teacher wants to have \$1,524,240 in savings at retirement, what interest rate must the investment earn?

2.

Consider the following two mutually exclusive alternatives (do not consider the âDo Nothingâ alternative). Each alternative has a 10-year useful life and no salvage value. If the MARR is 12%, which alternative should be selected? Answer in terms of incremental rate of return analysis

Cash Flow A B B â A

Initial cost (â\$6,000) (â\$9,000) (â\$3,000)

EUAB \$1,000 \$1,500 \$ 500

3.

An engineer has a fluctuating future budget for the maintenance of a particular machine. During each of the first 5 years, \$1000 per year will be budgeted. During the second 5 years, the annual budget will be \$1500 per year. In addition, \$3500 will be budgeted for an overhaul of the machine at the end of the fourth year, and again at the end of the eighth year. What uniform annual expenditure (cost) would be equivalent, if interest is 9% per year?

8 Aug 2018
Economics

U.S government has a long standing policy of not negotiating with terrorists for the safe

return of American citizens who are held hostage by the terrorists. Use this as an

example to explain the

8 Aug 2018
Economics
13. A perfectly competitive firm is producing 700 units of output in a market where the price is \$50 per unit. At this output, TC= \$40,000 and TVC= \$30,000. The firm is currently producing a level of output where MC is \$20 per unit. This output level maximizes the difference between market price and MC. Using only this information, and assuming this firm wants to maximize total profits, we can conclude that A. В. this fimm should increase output. this firm should decrease output. this fimm is producing the output level that maximizes output. this firm should shut down. D.
7 Aug 2018
Economics
63) Suppose that, after the price of X decreases to \$3 per unit, the consumer chooses point B in the diagram. We can say: A) that the demand curve for Y is downward sloping. B) that the demand curve for Y is upward sloping. C) that the demand curve for Y is linear. D) that the demand curve for Y is non-linear. E) nothing about the slope of the demand curve for Y.
7 Aug 2018
Economics
8) If A and B are substitutes in production and the price of A falls, the supply of B A) does not change. A and B are compleme By decreases and the price of Brises. Cincreases and the price of B falls. price of D) increases and the price of Brises. E) decreases and the price of B falls. 35
9 Aug 2018
Economics

Consider 2 consumers, each with endowment (100, 220).

Biff has utility function u(x, y)= xy
Baff has utility function U(x, y)= ln x +4 ln y

Compare their choices and utility when facing interest rate 10% per period versus facing interest rate 25% per period.
9 Aug 2018
Economics
Refer to the table below to answer the following question Table 8 Glazeland's Doughnut Market Glazeland's Supply Glazeland's Demand (millions) (millions) Price (dollars per doughnut) 0.20 0.30 0.40 0.50 0.60 .Ooo 0.70 22) Table 8 shows Glazeland's doughnut market before international trade. Glazeland opens up to international trade. If the world price is \$0.60, then Glazeland will produce doughnuts and will doughnuts. AD5 million; export 3 million B) 4 million; import 1 million C)2 million; import 3 million D) 5 million; import 3 million E) 4 million, export 1 million
9 Aug 2018
Economics

Choose 5 current microeconomic events (can either be domestic or foreign). For each event, explain in detail what the event is, how and when it began, and how that event is impacting your life specifically.

I have already chosen the recent hurricanes (Harvey, Irma, etc.) and the impact of gas and oil prices so please list other current microeconomic events. Make sure to answer each part of the question in detail for each event and make sure these events are recent. Thank you!

9 Aug 2018
Economics

Name and describe at least two (2) other types of authority influence?

7 Aug 2018
Economics

1. In January 2017, the price of a Big Mac in Egypt was 31.37 Egyptian pounds. The exchange rate between the Egyptian pound and US dollar was 17.89 pounds/dollar.

a. What would be the cost of a Big Mac in Egypt in US dollars (convert the price in Egyptian pounds to US dollars)?
b. The current cost of a Big Mac in the US is \$5.30. If the law of one price holds for the Big Mac in the United States and Egypt, what would be the exchange rate between the Egyptian pound and the dollar?
c. Compare the actual exchange rate between the pound and the dollar of 17.89 pounds/\$1 to the exchange rate suggested by the law of one price in part b. Is the pound overvalued or undervalued according to our application of the law of one price?

7 Aug 2018
Economics

Critics of marginal utility analysis argue that it is unrealistic to assume that people make the mental calculus of marginal utility per dollar for large numbers of products. But when you are making a decision to either go to a first-run movie or buy a used DVD of last summerâs blockbuster, does this analysis seem so complex? Is it a reasonable representation of your thought process?

6 Aug 2018
Economics
22) Suppose a household will earn \$1 M during its working life (the present) and zero during its retirement years (the future). Suppose the household consumes 0.5M during its working life if the interest rate between the two periods is 100% or if the interest rate is 150%. We can conclude that: A) the household views present consumption as an inferior good B) the household views present consumption as a normal good C) the household views future consumption as an inferior good D) the household views future consumption as a normal good E) nothing about the households tastes for present or future consumption
7 Aug 2018
Economics

True or False? Provide an explannation for each true or false question, so I can understand it!

1. Simple interest is based on the time value of money principle.

2. An annuity "A" is a reoccuring cash fow at the end of a specified time period.

3. The cost of labor to produce a product is a "variable" cost.

4. The effective annual interest rate in continuous compounding is equal to the nominal annual interest rate.