Keshia is opening a new bookkeeping service. She is considering buying or leasing some new laptop computers.
Question:
Keshia is opening a new bookkeeping service. She is considering buying or leasing some new laptop computers. The purchase price of a lap top is $1,500 and after three years it is worthless. The annual lease rate is $550 per laptop. The value of marginal product of one laptop is $700 a year. The value of marginal product of a sec- and laptop is $625 a year. The value of marginal product of a third laptop is $575 a year. And the value of marginal product of a fourth laptop is $500 a y year.
a. How many laptops will Keshia lease or buy?
b. If the interest rate is 4 percent a year, will Keshia lease or buy her laptops?
c. If the interest rate i 6 percent a year, will Keshia lease or buy her laptops?Describe the distributions of income and wealth and trends in economic inequality in Canada the Describe the distribution of income and the trends in inequality in selected countries and the world Explain the sources of economic inequality and its trends Describe the scale of government income redistribu- tion in Canada
Step by Step Answer:
Microeconomics Canada In The Global Environment
ISBN: 9781556520617
11th Edition
Authors: Michael Parkin, Robin Bade