Chris co. is considering replacing an old machine. the old machine was purchased for $100,000 and has a book value of $40,000 and should last four more years. chris co. believes that it can sell the old machine for $50,000. the new machine cost $80,000 and will have a 4-year life and a $10,000 salvage value. currently, it cost $20,000 annually to operate the old machine. the new machine is more efficient and should reduce operating cost by 50%. based on quantitative analysis, calculate the relevant costs and indicate if chris co. should replace the old machine?
a. no, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
b. yes, because the relevant cost of the new machine is $10,000 less than the cost of the old machine.
c. no, because the relevant cost of the new machine is $20,000 more than the cost of the old machine.
d. yes, because the relevant cost of the new machine is $20,000 less than the cost of the old machine.

According to the research in strategic human resources management, answers: firms that are able to use human resource practices to develop socially complex human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially simplistic human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially complex human and organizational resources gain little advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially complex human and organizational resources are at a competitive disadvantage when compared to firms that do not engage in these practices.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases. b. the marginal cost of going to ft. lauderdale decreases. c. the marginal benefit of going to cancun increases. d. the marginal benefit of going to ft. lauderdale decreases.