Which of the following machines has the lowest user cost? Machine A costs $15,000 and depreciates at a rate of 25%, machine B costs $10,000 and depreciates at a rate of 20%, machine C costs $20,000 and depreciates at a rate of 10%, and machine D costs $17,000 and depreciates at a rate of 11%. The expected real interest rate is 0%.
A. Machine A
B. Machine B
C. Machine C
D. Machine D
Answer: D
Economics
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Which of the following is the most frequently used tool the Fed uses to control the supply of money?
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