Inverness Company is considering the replacement of a machine that is presently used in production. The following data are available: Old Machine New Machine Original cost $57,000 $35,000 Useful life in years 17 5 Current age in years 12 0 Book value $39,000 - Disposal value now $8,000 - Disposal value in 5 years 0 0 Annual cash operating costs $7,000 $4,000 Adding all five years together, what is the difference in total relevant costs between the old machine and the new machine

turnover

the amount of money taken by a business in a particular period.

answer///supply is elastic, and demand is inelastic;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.