Aconsulting engineering firm is considering two models of suvs for the company principals. a gm model will have a first cost of $26,000, an operating cost of $2000, and a salvage value of $12,000 after 3 years. a ford model will have a first cost of $29,000, an operating cost of $1200, and a $15,000 resale value after 3 years. at an interest rate of 15% per year, which model should the consulting firm buy? conduct an annual worth analysis.

10. problems and applications q10 a market is described by the following supply-and-demand curves: qsqs = = 2p2p qdqd = = 300â’p300â’p the equilibrium price is $ and the equilibrium quantity is . suppose the government imposes a price ceiling of $90. this price ceiling is , and the market price will be $ . the quantity supplied will be , and the quantity demanded will be . therefore, a price ceiling of $90 will result in . suppose the government imposes a price floor of $90. this price floor is , and the market price will be $ . the quantity supplied will be and the quantity demanded will be . therefore, a price floor of $90 will result in . instead of a price control, the government levies a tax on producers of $30. as a result, the new supply curve is: qsqs = = 2(pâ’30)2pâ’30 with this tax, the market price will be $ , the quantity supplied will be , and the quantity demanded will be . the passage of such tax will result in .