Tim is opening a new online store. He plans to hire two workers at $10 an hour.

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Tim is opening a new online store. He plans to hire two workers at $10 an hour. Tim is also considering buying or leasing some new computers.

The purchase price of a computer is $900 and after three years it is worthless. The annual cost of leasing a computer is $450.

a. In which factor markets does Tim operate?

b. What is the price of the capital equipment and the rental rate of capital?

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:03 PM

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Tim is opening a new online store. He plans to hire two workers at $10 an hour.

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Economics

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