Question: Consider the data in the previous question: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines

Consider the data in the previous question: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines will become worthless in these three countries this year? Are there any countries where the amount of depreciation is actually greater than GDP? (This question reminds you that “More machines mean more machines wearing out.”)

Step by Step Solution

★★★★★

3.45 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Ilia 10 machines Caplania 1000 machines Ha... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

651-B-E-M-E (3095).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Consider the data in the following table: A simple monopolist with these fixed and variable cost schedules maximizes profits at what level ofoutput? Price Quantity Fixed Cost Variable Cost S100 90 0...

Consider the data in Table 6.11, where P(ut (t, T1) is the price of a 90-day Eurodollar futures contract expiring on April 14, 2008; ((t, T1, T2) is the time t forward rate for 90 day LIBOR at April...

Consider the data in Figure for Daisys Dance Studio: Adjustment Data a. Insurance expired, $100. b. Dance supplies on hand, $1,100. c. Depreciation on dance equipment, $2,000. d. Salaries earned by...

1.2. Consider the data in the previous question: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines will become worthless in these three...

9th Assignment: Number 12: Consider the following three countries that produce GDP this way: - Y = 5y'K Ilia: K 100 machines - Caplania: K =10'000 machines Hansonia: K = 1,000.000 What will GDP (Y)...

Consider the data below and the following: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines will become worthless in these three countries...

6. Consider the data below and the following: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines will become worthless in these three...

Given that the deprecation rate is 10% and investment rate is 25%. What is the steady state level of capital and output for each these three countries Y=5 Ilia: K = 100 machines Caplania: K = 10,000...

Explain the questions well. 1). The market demand function for a good is given by Q = D(p) = 800 50p. For each firm that produces the good the total cost function is TC(Q) = 4Q+( Q2/2) . Recall that...

Express the following ratios in its lowest terms. 14:15

On November 18, 2002, The Globe and Mail ( p. B4) reported CEO assails pay dis-closure rules. This referred to a speech by Claude Lamoureux, then CEO of Ontario Teachers Pension Plan Board. The...

Dataset: The posts.csv file holds actual user posts, with each post consisting of eight fields: ` id ` ( a unique identifier, int ) , ` blog ` ( q unique identifier of the community to which the post...

-40 Alternate cost structures, uncertainty, and sensitivity analysis. Deckle Printing Company currently leases its only copy machine for $1,200 a month. The company is considering replacing this...

Now add Foreign, which has a demand curve D* = 80 - 20P And a supply curve S* = 40 + 20P. a. Derive and graph Foreigns export supply curve and find the price of wheat that would prevail in Foreign in...

Home imposes a specific tariff of 0.5 on wheat imports. a. Determine and graph the effects of the tariff on the following: (1) the price of wheat in each country; (2) the quantity of wheat supplied...

Suppose that Foreign had been a much larger country, with domestic demand D* = 800 - 200P, S* = 400 + 200P. Recalculate the free trade equilibrium and the effects of a 0.5 specific tariff by Home....

A local shop's weekly sales of ice cream and sunglasses are presented in the table. Ice CreamSunglassesMonday35Tuesday46Wednesday57Thursday79Friday89 The calculation for the correlation, r, for this...

Unipart, a manufacturer of auto parts, is considering two B2B marketplaces to purchase its MRO supplies. Both marketplaces offer a full line of supplies at very similar prices for products and...

Which of the following statements is CORRECT? Answer Other things held constant, the higher a firm's days sales outstanding (DSO), the better its credit department. If a firm that sells on terms of...