The Russian air force is being called on this year to intercept storms advancing on Moscow and

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The Russian air force is being called on this year to intercept storms advancing on Moscow and to seed them with dry ice and silver iodine particles. The idea is to make the snow drop on villages in the countryside instead of piling up in Moscow. The cost of this initiative will be 180 million rubles, and the savings in snow removal will be in the neighborhood of 300 million rubles. The exchange rate is 30 rubles per dollar. Comment on the hidden costs and benefits of such a plan from the viewpoint of the villagers in terms of dollars
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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