A new medical instrument costs $50,000. Operating, maintenance, and repair costs are $10,000 for the first year, $25,000 for the second year, $40,000 for the third year, and $55,000 for the fourth year. The minimum attractive rate of return is 10%. Company policy is to replace the instrument when it is three years old.
The highest price that the company should be willing to pay for a one-year-old instrument is most nearly .

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false