ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 18, Problem 4.8P
To determine
As to how work incentives are affected by the implicit tax on earned income and how do some people avoid the implicit tax.
Concept Introduction:
Implicit Tax – It refers to the indirect cost that is incurred as the result of getting employment, because welfare program assistance is missed.
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QUESTION 4 (continued)
while of machine B is N300, 000 only. Recommend which of the machines should be purchased.
Assume 10% interest.
(13mks)
QUESTION 5 (25 marks)
a) Why do Engineers have to monitor of depreciation of equipment/machines?
(5mks)
b)
Enumerate the options available evaluating depreciation of equipment/machines and explain in
detail anyone of them.
(10mks)
c)
The cost of a machine N1,600,000 ant its salvage (scrap) value is N400,000. Determine the
depreciation charges for each, if the estimated life of the machine is 4 years.
(10mks)
QUESTION 6 (25 marks)
(6mks)
(ii) Inventory Costs (iii) Sunk Cost
(8mks)
a) What are the types of equipment replacement decisions a company may face?
b) Define the following terms: (i) Quality Costs
(iv) Technological Obsolesce
, c) A power holding company purchased new coal extraction equipment 3 years ago for N600,000.
Management has discovered it is technologically outdated now. A new equipment alternative) has
been identified. If a…
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