Question 5 Unsaved Solar and conventional alternatives are available for providing energy at a remote space research site. The costs associated with each alternative are shown below.
The alternatives are listed in order of increasing total equivalent costs. If these are independent projects, which alternatives must be compared incrementally? What alternative, if any, should be selected? Question 11 5 points.
On the basis of these results, you should Question 11 options:. Question 12 Unsaved Identify a basic assumption made specifically about the challenger alternative when a replacement study is performed. Determine the values of P, n, S, and AOC for this defender if a replacement analysis were performed today. Question 14 Unsaved Halcrow, Inc. Question 15 Unsaved What is meant by the opportunity-cost approach in a replacement study? Question 16 5 points. Question 16 Unsaved Why is it suggested that the cash flow approach not be used when one is performing a replacement study?
The boy is kind enough and gives the rat some milk. Once it was done taking milk it asked the boy if he could avail a mirror so that it could check if there was any milk mustache. Once he looked into the mirror he was shocked at the size of his hair. He needed a shave so he requested the boy to avail pair of scissors. Once the boy trimmed the mouse hair, the house was littered with hair. He needed to look for a broom and clean up the place. This story is an appropriate background to base our argument on characteristics of microeconomics and macro economics.
We shall be in a position to understand the nature of human wants, what it takes to satisfy them and the various challenges involved. We also get to analyze the various strains that befall the economy as a whole TR Jain, , p. The mouse gave the boy a difficult afternoon with its unlimited wants and needs. Human wants and needs connect to the character of the mouse.
People are faced with difficult challenges in making choices between what to prioritize and what leave out among numerous wants and needs that pop out each day. This paper will connect on this phenomenon in relation to micro economics. Micro economics deals with the relation ship between buyers and sellers. It is also concerned with the factors that affect it.
Macro economics on the other hand IS concerned with the brooder national economy. First of all wants and needs can not be satisfied. Once a need has been addressed, it seems satisfied for that moment. After some times it represents itself again and require attention one more time.
Needs like food require that a person keeps on satisfying them time after time. Wants are complementary in the sense that one leads to another.
The mouse sows the need to have milk at his disposal once he was served with a cookie. A need or a want may require another different want to be satisfied. The later is a subject of fulfilling a need. For example a person who buys a car will need to buy gas also else they may not satisfy their need to drive car.
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Economics is a challenging field because of the analytical nature of the subject. Hence, good aptitude and comprehension of the field is imperative to complete your assessments.
To understand the subject, it's important and necessary to study subjects with the intent of learning and interest. It is difficult to develop an understanding of the subject without the interest. If fundamentals are clear, then handing the assignment would not be a challenging task. Below is a few important concepts of Economics. Concept of Demand and Supply: We know that a demand gives rise to the production and changes to the rate of supply. The higher the demand, the higher is the supply and higher are the prices.
It is an important economic parameter to establish the relationship between different parameters, such as production, inflation, and cost, etc. It is the rate at which things get costlier every year. It is important to keep a check on inflation to balance the Economy of the country. There are numerous concepts in Economics, however writing them here is impossible. For example, macroeconomics assignments constitute a major part of your overall grade. Another area that is equally important is microeconomics.
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Mean while microeconomics and macroeconomics are relatively interlinked. For micro economics, the ease of supplying goods and services depends on the general investment and activities in the whole economy. Meanwhile the total performance of macro economics is a subject of the total activities that take place in micro economics . Database of example economics essays - these essays are the work of our professional essay writers and are free to use to help with your studies.