A Currently Used Machine Costs $10,000 Annually to Run

question 112

Multiple Choice

A currently used machine costs $10,000 annually to run.What is the maximum that should be paid to replace the machine with one that will last 3 years and cost only $4,000 annually to run? The opportunity cost of capital is 12%.

• A) $2,000
• B) $9,607
• C) $14,411
• D)$24,018

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Definitions:

Nuclear Family

A family unit consisting of two parents (a mother and a father) and their biological or adopted children, living together as a single household.

Functionalist View

A theoretical perspective in sociology that sees society as a complex system whose parts work together to promote solidarity and stability.

Social Change

Transformations in societal norms, values, structures, and behaviors over time, often resulting from collective actions, technological advancements, or environmental factors.

Religiosity

The intensity of an individual's religious beliefs or the extent of their participation in religious activities, which can vary greatly among individuals and cultures.