A Polisher Costs $10,000 and Will Cost $20,000 a Year

question 79

Multiple Choice

A polisher costs $10,000 and will cost $20,000 a year to operate and maintain.If the discount rate is 10% and the polisher will last for 5 years,what is the equivalent annual cost of the tool?

• A) $17,163.04
• B) $22,187.84
• C) $22,637.98
• D) $19,411.15

Identify and explain the mechanisms through which price controls are intended to protect consumers or producers.

Understand the concept and implications of rent control as a form of price ceiling.

Analyze the effects of market interventions on supply, demand, and overall market equilibrium.

Understand the concept of price ceilings and their effects on markets.