Economics

A small fitness center offering only personal training services has the followin

A small fitness center offering only personal training services has the following demand and cost parameters: Demand: The fitness center has found that it has some discretion in p…

A small manufacturing company is considering purchasing a maintenance contract f

A small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. Since all of its systems are new, the company plans to begin the c…

A small manufacturing company is considering the addition of one or more new pro

A small manufacturing company is considering the addition of one or more new product lines. If the total amount of investment capital available for new ventures is $800,000 which …

A small manufacturing company is considering the addition of one product line (M

A small manufacturing company is considering the addition of one product line (Mutually Exclusive alternatives). If the total amount of investment capital available for any of the…

A small manufacturing firm is considering purchasing a new machine to modernize

A small manufacturing firm is considering purchasing a new machine to modernize one of its current production lines. Two types of machines are available on the market. The lives o…

A small neighborhood restaurant is staffed by a hostess, five wait staff and fou

A small neighborhood restaurant is staffed by a hostess, five wait staff and four cooks. The hostess seats the guests and hands out the menu which takes 3 minutes. Then a waiter t…

A small strip-mining coal company is trying to decide whether it should purchase

A small strip-mining coal company is trying to decide whether it should purchase or lease a new clamshell. If purchased, the "shell" will cost $162,500 and is expected to have a $…

A small strip-mining coal company is trying to decide whether it should purchase

A small strip-mining coal company is trying to decide whether it should purchase or lease a new clamshell. If purchased, the “shell” will cost $150,000 and is expected to have a $…

A small town has only one pizzeria, the Pizza Factory.A small competior, Perfect

A small town has only one pizzeria, the Pizza Factory.A small competior, Perfect Pies, is thinking about entering the market. The profits of these tw firms depend on whether Perfe…

A small vessel was purchased by a chemical company for $55,000 and is to be depr

A small vessel was purchased by a chemical company for $55,000 and is to be depreciated by MACRS depreciation. When its requirements changed suddenly, the chemical company leased …

A smart card, also known as an electronic purse, is a plastic card that can be l

A smart card, also known as an electronic purse, is a plastic card that can be loaded with a monetary value. Its developers argue that, once widely accepted, it could replace the …

A snow loading machine costing $30,000requires four operators at $36 per day The

A snow loading machine costing $30,000requires four operators at $36 per day The machine can do the work of 50 hand shoverlers at $21 per day Fuel oill and maintenance for the mac…

A soccer team’s parent company, Lanternyard Inc., determines the prices for matc

A soccer team’s parent company, Lanternyard Inc., determines the prices for match tickets. Let’s assume that there is only one type of ticket for matches in their stadium and that…

A soccer team’s parent company, Lanternyard Inc., determines the prices for matc

A soccer team’s parent company, Lanternyard Inc., determines the prices for match tickets. Let’s assume that there is only one type of ticket for matches in their stadium and that…

A social scientist would like to analyze the relationship between educational at

A social scientist would like to analyze the relationship between educational attainment and salary. He collects the following sample data, where Education refers to years of high…

A socially- optimal price regulation will Not work if: A marginal cost is less t

A socially- optimal price regulation will Not work if: A marginal cost is less than average total cost B marginal cost is less than average fixed cost C marginal cost is greater t…

A society\'s GDP for year 1 was composed of 100 units of apples sold for $2.00 p

A society's GDP for year 1 was composed of 100 units of apples sold for $2.00 per unit, 200 units of oranges sold for $3.00 per unit and 400 units of bananas sold for $5.00 per un…

A sociologist believes that the crime rate in an area is significantly influence

A sociologist believes that the crime rate in an area is significantly influenced by the area’s poverty rate and median income. Specifically, she hypothesizes crime will increase …

A software company paid $19,000,000 to acquire a Language Translation software w

A software company paid $19,000,000 to acquire a Language Translation software with projected annual sales revenue of $7,558,272. The software will become obsolete after three yea…

A software company\'s labor requirements currently cost $320,000/year. The labor

A software company's labor requirements currently cost $320,000/year. The labor-hour requirements are expected to increase by 11% per year over the next 5 years. If inflation is 2…

A software producer has fixed costs of $120,000 per month and her Total Variable

A software producer has fixed costs of $120,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below.  Complete the table (TC, MC, TR, and MR), t…

A software producer has fixed costs of $20,000 per month and her Total Variable

A software producer has fixed costs of $20,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below. Complete the table (TC, MC, TR, and MR), the…

A special milling machine is being installed at a first cost of $10,000. Mainten

A special milling machine is being installed at a first cost of $10,000. Maintenance cost is estimated to be $5,500 for the first year and will increase by 6% each year. If intere…

A special purpose machine can be purchased for $90,000. The operating & maintena

A special purpose machine can be purchased for $90,000. The operating & maintenance expenses for each of the next five years and the market value at the end of each of the nex…

A special purpose machine tool set would cost $20,000. The tool set will be fina

A special purpose machine tool set would cost $20,000. The tool set will be financed by a S10.000 bank loan repayable in two equal annual installments at 10% compounded annually. …

A special purpose pump is being considered in a chemical plant. The existing mac

A special purpose pump is being considered in a chemical plant. The existing machine will be kept at most 3 more years. The existing pump has annual operating costs of $20,000 and…

A specialty concrete mixer used in construction was purchased for $290,000 7 yea

A specialty concrete mixer used in construction was purchased for $290,000 7 years ago. It is MACRS-GDS 5-year property. Its annual O&M costs are $80,000. At the end of an 8-y…

A specialty concrete mixer used in construction was purchased for $350,000 7 yea

A specialty concrete mixer used in construction was purchased for $350,000 7 years ago. Its annual O&M costs are $105,000. At the end of the 8-year planning horizon, the mixer…

A specialty crane used in construction was purchased for $350,000 5 years ago. I

A specialty crane used in construction was purchased for $350,000 5 years ago. It is MACRS-GDS 7-year property. Its annual O&M costs are $45,000 increasing by 5%. The remainin…

A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(

A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(p)= 2 (Price), E(i)=1 (Income), E(mt)=1.5 (m=Big Mac, t= Taco). The franchise owner would like to i…

A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(

A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(p)= 2 (Price), E(i)=1 (Income), E(mt)=1.5 (m=Big Mac, t= Taco). The franchise owner would like to i…

A specification of a maximum amount of a foreign produced good that will be allo

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as? An import quota An export quot…

A specification of a maximum amount of a foreign produced good that will be allo

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as? An import quota An export quot…

A sports team is looking at attendance prices for its games. When it comes to ch

A sports team is looking at attendance prices for its games. When it comes to charging local businesses, price elasticity of demand is -1. When it comes to charging individual fam…

A staffing firm provides landscaping services for clients on an ongoing basis. T

A staffing firm provides landscaping services for clients on an ongoing basis. The staffing firm selects and pays the workers, provides health insurance, and withholds taxes. The …

A staircase of n steps contains coins on some of the steps. Let (x_1,x_2,...,x_n

A staircase of n steps contains coins on some of the steps. Let (x_1,x_2,...,x_n) denote the position with X_j coins on step j, j = 1,..., n. A move of staircase Nim consists of m…

A star basketball player signs a contract that newspaper reports indicate is wor

A star basketball player signs a contract that newspaper reports indicate is worth $10 million. The player receives $2 million upon signing, and $2 million every year for four yea…

A star college football running back made it big this year! He’s a 21 year old j

A star college football running back made it big this year! He’s a 21 year old junior, heavily scouted by the NFL, and could go pro right now: it he does, he expects to earn an av…

A start-up company is in need of an industrial engineer and they want to hire yo

A start-up company is in need of an industrial engineer and they want to hire you on a 3 year contract. They will pay you a base salary of $50,000 each year. In addition they will…

A start-up tech services company just opened it\'s doors in the hot Cupertino ma

A start-up tech services company just opened it's doors in the hot Cupertino marketplace, expecting to turn a profit in each of its first four years of service offerings. Gains ar…

A startup firm in a perfectly competitive market finds that its average total co

A startup firm in a perfectly competitive market finds that its average total cost is higher than the market price Since the firm is incurring short-run losses, the management is …

A startup is considering buying some vehicles to help with their business. They

A startup is considering buying some vehicles to help with their business. They want to know how much depreciation they will be able to claim as a deduction on their taxes. (Hint:…

A state government has the option of damming a major river to generate energy an

A state government has the option of damming a major river to generate energy and divert water to local agriculture. The cost of constructing the dam and associated infrastructure…

A state government has the option of damming a major river to generate energy an

A state government has the option of damming a major river to generate energy and divert water to local agriculture. The cost of constructing the dam and associated infrastructure…

A state government is considering construciton of a floodcontrol dike having a l

A state government is considering construciton of a floodcontrol dike having a lifespan of 15 years.  Historyindicates that a flood occurs every five years and causes sixhundred t…

A state in the southeastern region of the United States operates state liquor st

A state in the southeastern region of the United States operates state liquor stores. Prices at the stores are set in the following fashion: add 41% to the wholesale price at whic…

A state legislature has appropriated $15 million to purchase and prepare the pro

A state legislature has appropriated $15 million to purchase and prepare the property for several new state parks. Alternatives have been suggested and forecasts for acquisition, …

A state-sponsored Forest Management Bureau is evaluating allomative routes for a

A state-sponsored Forest Management Bureau is evaluating allomative routes for a new road into a formerly inaccessible region. Three mutually exclusive plans for routing the road …

A statement by the Federal Reserve’s Federal Open Market Committee (FOMC) releas

A statement by the Federal Reserve’s Federal Open Market Committee (FOMC) released in 2010 reads: Information received since the FOMC met in March suggests that economic activity …

A steam boiler has a first cost of $50,000. Use the sum-of-years digits (SOYD) d

A steam boiler has a first cost of $50,000. Use the sum-of-years digits (SOYD) depreciation accounting method with a $5,000 salvage value and a 10-year depreciation life; determin…