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A manufacturing firm has received a contract to assemble 1000 units of test equipment in the next year. The firm should decide how to organize its assembly operation. Skilled workers, at $33 per hour each, can individually assemble the test equipment in 2.6 hours per unit. Alternatively teams of four less skilled workers (at $19 per hour each) can assemble a unit in one hour. Which approach is more economical?
An investor sells a stock short for $36 a share. A year later the investor cover the position at $30 a share.now assume the price is at $42 when the investor closes the position?
the company ABC Inc. bought a machine for automatic playback of " software " at a cost of $ 20,000 ( the "original cost" ) . The expectation was that the machine had a useful life of 5 years , after which have a residual value of $ 5,000 ( "salvage v..
question a discuss the following statement in the real world there is no industry which conforms precisely to the
The mayor’s economic adviser reminds her that she is focusing only on the price effect and ignoring the quantity effect. Explain why the mayor’s estimate of a one-third loss of revenue is likely to be an overestimate.
consider an entrepreneur you know could be a relative friend or acquaintance. answer the following questionswhat
The Pension Benefit Guaranty Corporation (PBGC) is a government agency that absorbs pension obligations when a company goes bankrupt or otherwise cannot fulfill its pension obligations to current or former employees. Where is the moral hazard in ..
Suppose you make 15 annual deposits of $1,000 each into a bank account paying 5% interest per year. The first deposit will be one year from today. How much can be withdrawn immediately following the 15th deposit?
What is the formula for calculating the unemployment rate?
suppose a firm uses both labour l and capital k as inputs and has the production function q 2kl. the marginal product
jason likes to buy guitars and trumpets. his marginal utility of guitars is given by mug 7t0.310g0.3 and his marginal
Examine the models of oligopoly and create at least one recommendation for improvement. Describe your rationale.
Compute the expected market price. Show calculations please. How many units should you produce to maximize expected profits? What is your expected profit or loss? Again, show work.
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