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n equipment worth $5,000,000. Currently, it has 175.000 calculators in reserved inventory that it plans to sell next several workers whose collective worth in terms of skill and knowledge is equal to $275,000.

n equipment worth $5,000,000. Currently, it has 175.000 calculators in reserved inventory that it plans to sell next several workers whose collective worth in terms of skill and knowledge is equal to $275,000.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $5,000,000. Currently, it has 175,000 calculators in reserved inventory that it plans to sell next month to retail stores for $70 each. Its board of directors has $1.62 million in government bonds and $115,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $275,000. The capital stock of firm XYZ is S. (Enter your response rounded to the nearest dollar.)
Transcribed Image Text:Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $5,000,000. Currently, it has 175,000 calculators in reserved inventory that it plans to sell next month to retail stores for $70 each. Its board of directors has $1.62 million in government bonds and $115,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $275,000. The capital stock of firm XYZ is S. (Enter your response rounded to the nearest dollar.)
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