Compact fluorescent lamps (cfls) have become more popular in recent years, but do they make financial sense? suppose a typical 60-watt incandescent light bulb costs $0.50 and lasts 1,000 hours. a 15-watt cfl, which provides the same light, costs $3.50 and lasts 12,000 hours. a kilowatt-hour of electricity costs $0.101, which is about the national average. a kilowatt-hour is 1,000 watts for 1 hour. if you require a 10 percent return and use a light fixture 500 hours per year, what is the equivalent annual cost of each light bulb?

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do