Aproposed steel bridge has an indefinite life. the initial cost of the bridge is $4,750,000 and annual maintenance costs are estimated to be $25,000. the bridge deck will be resurfaced every 10 years for $900,000, and anti-corrosion paint will be applied every 5 years for $250,000. if the interest rate is 8% what is the eac? if 650,000 axles will cross the bridge each year what approximate toll should be charged to the nearest nickel (round up to nearest nickel…you would want cover all your costs).

The chart shows the pricing history for two items. which person saved the most money by buying a product at the right time? carrie, who waited six months to buy a game system timothy, who bought a game system right away because it was popular eugene, who bought a phone immediately for fear they would sell out marlene, who waited six months to buy a phone

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

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