The resale value, R , (in dollars) of a laser optical device t months from its time of purchase is decreasing at the rate of R ' ( t ) = − 1520 e − 0.004 t dollars each month. Ten months after the time of purchase, the device has a resale value of $ 350 , 000 . Round your anwers to the nearest cent, when necessary. a . Specify the function that describes the resale value of the device in terms of t . R ( t ) = Incorrect b . Find the resale value of the device 24 months from its purchase. $ Incorrect c . What is the resale value of the device in the long run? (Note: Resale cannot be negative.) $ 0 Correct

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

What two things do you consider when evaluating the time value of money