Xcompany is considering replacing one of its machines in order to save operating costs. operating costs with the current machine are $64,000 per year; operating costs with the new machine are expected to be $50,000 per year. the new machine will cost $70,000 and will last for five years, at which time it can be sold for $3,000. the current machine will also last for five more years but will not be worth anything at that time. it cost $34,000 three years ago but is currently worth only $5,000. assuming a discount rate of 7%, what is the incremental net present value of replacing the current machine with the new machine?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.