A Wimax wireless network integrated with a satellite network can provide connectivity to any location within 10 km of the base station. The number of sectors per base station can be varied to increase the bandwidth. An independent cable operator is considering three bandwidth alternatives 44(Mbps), 55(Mbps), and 88 (Mbps). Assume a life of 20 years and a MARR of 10% per year.
Bandwidth Mbps |
First Cost, 1000$ | Operating Cost, 1000$ per Year | Annual Income, 1000$ per Year |
---|---|---|---|
44 | -40,000 | -2000 | +5000 |
55 | -46,000 | -1000 | +5000 |
88 | -61,000 | -500 |
+8000 |
1) Use incremental RoR analysis(IRR) and PW to determine the financially justified one.
2) Why should you use incremental Rate of return and what is the difference between that and MARR?
In: Economics
Summarize “Property Rights and Environmental Regulation”
In: Economics
Think about Major League Baseball! The owners of the major league teams are arguing that they may have to shut the season down unless the players agree to a significant salary cut. If the players agree, the owners will be able to play games this season.
Explain loss-minimization and shut down cases for perfectly competitive firms. Explain why baseball owners may have to resort to a shut-down case and why they may be able to use a loss-minimization case.
In: Economics
Provide an outline for how a bill becomes law in the state legislature in California. Be sure to identify the key players and the role the Governor plays in the process.
In: Economics
Use four separate supply and demand diagrams to illustrate the effects of the following possible shocks on the equilibrium price and quantity of avocados. In each diagram clearly indicate the initial equilibrium price and quantity with a P1 and Q1 and the new equilibrium price and quantity after the shock P2 and Q2
A.) A major scientific study shows that people who regularly consume avocados live on average seven years longer than those who don’t consume avocados.
B.) Farmers produce genetically modified avocado plants which allow for greater output without increasing costs.
C.) There is a large increase in the price of tomatoes, which is a complement of avocados.
D.) There is a significant increase in the price of water in California, where most U.S. avocados are grown
In: Economics
How does the market mechanism distribute income?
In: Economics
From the Industrial Revolution to the present, innovation has played a major role in the growth of output. What do the leading analysts of economic growth argue were some of the most significant innovations of this period?
In: Economics
a water pumping company wants to purchase an electric
motor rated at 15 Hp for 1000$( 1 HP= 0.7457kw ). the service life
of motor is known to be 10 years with negligible salvage value.its
full load efficiency is 85%. the cost of energy is 0.08$ per kWhr.
the intended of the motor is 4000 hours per year .Determine the
present worth
for the total cost of owning and operating the motor at 10%
interest rate
A-19,695 $
B- 26,875 $
C- 2,725 $
D- 22,994 $
could anyone solve this problem please ?
In: Economics
Explain why some argue that income tax loopholes primarily benefit the rich.
In: Economics
What impact is the COVID crisis having on the global economy? How long will it last? What are the current policy responses around the world and how effective will they be?
Below is a short video from the respected weekly magazine "The Economist" and a link to a Harvard panel on this topic. Please watch these videos and share your thoughts.
COVID-19: How bad will it be for the economy? (Economist)
Harvard faculty discussing the economic impact and the policy response
In: Economics
8) Answer all three parts: (a) Why has inequality increased over the last 50 years and why does it continue to increase? Is there a logical end point to this or are we headed back towards a period when the world had a handful of aristocrats and their workers/peasants/servants? (b) Do you consider income and wealth inequality to be a problem in the world today? If so, what do you think can be done about it? If you don't think growing inequality is a problem, explain why. (c) Can unions play a role in reducing inequality? How?
In: Economics
Ryan likes to listen to music while studying at home. His brother Isaac, however, needs peace and quiet in which to work. They both get an allowance and so have some money. To deal with arguments over whether music is played or not the parents decide that on Monday, Wednesday, Friday and Sunday peace and quiet must reign, but that on Tuesday, Thursday and Saturday it’s ok to play music. Note that the parents set this rule just to avoid quarrels between the two brothers; hence they do not need to stick to the rule as long as there is no quarrel. Note further that no headphones are allowed. Isaac values peace and quiet at $10 per day. Ryan values the ability to play music at $7 per day. If the boys are allowed to negotiate between themselves on which day(s) does music get played? Explain.
In: Economics
1.
When economists say that a good is non-rival in consumption, they mean that:
Group of answer choices
no one wants the good.
everyone wants the good.
the good is widely available.
more than one person can enjoy the good at the same time.
2.
Private goods are:
Group of answer choices
rival in consumption and their benefits are nonexcludable.
nonrival in consumption and their benefits are excludable.
nonrival in consumption and their benefits are nonexcludable.
rival in consumption and their benefits are excludable.
3.
The free-rider problem occurs for:
Group of answer choices
private goods and public goods.
private goods but not public goods.
public goods but not private goods.
neither public nor private goods.
4.
If the price of output increases, the marginal revenue product curve will shift ________ and the profit maximizing quantity of labor demanded will ________.
Group of answer choices
up; increase
up; decrease
down; increase
down; decrease
5. The input-substitution effect of an increase in the wage comes about because higher wages:
Group of answer choices
increase production costs, and final good prices will rise, reducing the quantity demanded of the product.
increase production costs, and final good prices will rise, increasing the quantity demanded of the product.
make labor less expensive as an input, leading firms to switch to labor as an input.
make labor more expensive as an input, leading firms to switch to other inputs.
In: Economics
Explain the various perspectives one can have on public budgeting and how each perspective can affect the definition of public budgeting. What should this mean to you as a person putting together a government budget?
In: Economics