Assume that monsanto corporation is considering the replacement of some of its older and outdated carpet-manufacturing equipment. its objective is to improve the efficiency of operations in terms of both speed and reduction in the number of defects. the company’s finance department has compiled pertinent data that will allow it to conduct a marginal cost–benefit analysis for the proposed equipment replacement. the cash outlay for new equipment would be approximately $600,000. the net book value of the old equipment and its potential net selling price add up to $250,000. the total benefits from the new equipment (measured in today’s dollars) would be $900,000. the benefits of the old equipment over a similar period of time (measured in today’s dollars) would be $300,000 what is the net benefit from the purchase of proposed new equipment replacement based upon a marginal cost/benefit analysis?

What is the best way for the inventor to protect his/her investment if the invention of a new composite material for turbofan blades is susceptible to reverse engineering?

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

In macroeconomics, to study the aggregate means to study blank