Question a low-carbon-steel machine part operating in a, Ask an Expert

Economics

Question: A low-carbon-steel machine part, operating in a corrosive atmosphere, lasts 6 years, and costs $350 installed. If the part is treated for corrosion resistance, it will cost $500 installed. How long must the treated part last to be the preferred alternative, assuming 10% interest?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92635124

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