A new electronic saw for cutting small pieces of lumber in a furniture manufacturing plant has a cost basis of $4,000 and a 10-year depreciable life. The estimated SV of the saw is zero at the end of 10 years. Calculate the book value for year six using Sinking Fund method where i = 7%.
In: Economics
Summarize the article on incoterms and freight forwarding, Focus on the various incoterms and its impact on freight forwarding.
Article: The Significance of the Incoterms Rules in the Freight Forwarding Services Market
In: Economics
Participate in a discussion regarding marginal benefit and marginal cost. Discuss and share with your classmates the opportunity costs and benefits as a result of your enrollment in college. Also share how you’re planning to maximize your net benefit after receiving your college degree.
In: Economics
define what you would consider an optimal healthcare system (Provide qualitative and/or quantitative criteria)
In: Economics
1) What does the Austrian School of Thought say causes business cycles?
2) What does the Real Business Cycle Theory say causes business cycles?
3) How is the Real Business Cycle Theory different from the Keynesian school of thought?
4) How is the Austrian School of Thought different from the Monetarist school of thought?
5) What are the strengths of the Neoclassical Schools of Thought?
6) What are the weaknesses of the Neoclassical Schools of Thought?
In: Economics
Comment on the importance of inflation for interpreting interest rates.
In: Economics
Press and TV coverage is a great way to spread ideas. Do you agree? why?
In: Economics
Why has manufacturing employment decreased as a share of total employment in Canada over the last 50 years?
A-Because manufacturing products have an elastic demand so that lower prices lead to more machines being used and less workers being hired;
B- Because manufacturing products have an inelastic demand so that lower prices lead to more machines being used and less workers being hired;
C-Because China produces most manufacturing products;
D-Because manufacturing products have a demand elasticity equal to one so that lower prices lead to more machines being used and less workers being hired
Question-1 b)
By 2025 what do you think is the likelihood (or probability) that an artificial intelligent (AI) machine be used as a member of a corporate board of directors?
A-0% (like today)
B-25%
C-50%
D-75%
E-100%
What is the probability that umpires/referees and other sport officials be replaced by computers in the next 10-20 years
A-0% (like today)
B-40%
C-80%
D-100%
What is the probability that a psychologist be replaced by a computer in the next 10-25 years?
A-0% (like today)
B-25%
C-50%
D-75%
E-100%
In: Economics
Consider a situation where there is a cost that is
either incurred or not. It is incurred only if the value
of some random input is less than a specified cutoff
value. Why might a simulation of this situation give a
very different average value of the cost incurred than
a deterministic model that treats the random input as
fixed at its mean? What does this have to do with the
“flaw of averages”?
In: Economics
A small construction company has $100,000 set aside in a capital improvement fund to purchase new equipment. If $30,000 is invested at 30%, $20,000 at 25%, and the remaining $50,000 at 20% per year, what is the overall rate of return on the entire $100,000? using spreadsheet
In: Economics
1) Find a problem in which game theory or decision theory fails.
For examples not taking into account emotions or framing effects
and represent it using the concepts of game theory or
decision theory and solve it. It can be any kind of problem.
a. Compare your results with the real-life results.
b. In case the results do not coincide explain why. Which is the
element that the
theory does not reflect?
In: Economics
The Ministry of Natural Resources and Environment of your country steps up measures to control the pollution and hires you as an environmental economist to estimate costs associated with pollution control as the industries located along a river discharge highly toxic effluents into the river. What approaches and relevant issues will you take into considerations when estimating the pollution abatement costs? *10 marks question . Need explanations and diagrams tq*
In: Economics
In: Economics
1) What is the Keynesian school of thought relating to business cycles?
2) What are the strengths of the Keynesian school of thought?
3) What are the weaknesses of the Keynesian school of thought?
4) How has the Keynesian school of thought impacted economics/public policy over the last 80+ years?
In: Economics
If a central bank was concerned that a government's fiscal policy actions could potentially cause inflation, and the bank wanted to stop that inflation, what steps might the central bank take to offset the government’s efforts? Explain.
In: Economics