1 Tim is opening a new online store from Berlin. He plans to hire two people to...

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1 Tim is opening a new online store from Berlin. He plans to hire two people to key in the data at €10 an hour. Tim is also considering buying or leasing some new computers.

The purchase price of a computer is €900 and after three years it is worthless. The annual cost of leasing a computer is €450.

a In which factor markets does Tim operate?

b What is the price of the capital equipment and the rental rate of capital?

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 07:00 AM

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Economics

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