The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hot rolled steel was $1.8 million for th
e first 4 years. An effective energy conservation program resulted in a reduced cost of $1.77 million in year 5, and $1.74 million in year 6, and amounts decreasing by $30,000 each year through year 10. What is the present worth of the pumping costs in year 0 at an interest rate of 6% per year
This is the exchange of goods and services across international borders - international/global trade typically represents a large portion of a country's GDP.
Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.
<span>Power given to people because of their superior knowledge about the work is B. expert power. Experts are people who have superior knowledge of a subject when compared to other people. So if someone thinks that your knowledge about something is greater than that of someone else's, your boss may give you more power than other employees. </span>
