A city government is planning to installa sewage line at a cost $10M. It is estimated that the line wouldhave a life of about 50 years. The city government would be able to have this line replaced at the same cost every 50 years so that the service will continue forever. The estimated salvage value of the line is about $2M. Determine the capitalized cost if the interest rate is 9%.

When the two countries did not specialize, the total production of jeans was 23 million pairs per month, and the total production of corn was 68 million bushels per month. because of specialization, the total production of jeans has increased by million pairs per month, and the total production of corn has increased by million bushels per month. because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade?