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Assignment: Production Possibilities
CleanAuto Inc. has four workers: Julie, Ian, Devon, and Thomas. CleanAuto Inc. provides two services: interior vacuuming and exterior wash. Julie can perform each of these tasks in one hour. Ian can do two interior vacuums or one exterior wash in one hour. Thomas can do two exterior washes or one interior vacuum in one hour. Devon only does exterior washes, and he can do an exterior wash in half an hour.
Create a checklist for at least one of these areas that a company might use to assess security and prepare for future security threats and problems.
List the combinations of hours spent playing golf and tennis that Cindy can now afford. along with the combinations in part (a), list Cindy's marginal utility per dollar from golf and from tennis. How many hours does Cindy now spend playing golf and ..
Providing the current situation with General Motors, our team is recommending that they (GM) reduce their current operations in order to maximize profits.
In practice, the government would have to be very knowledgeable to divide up the pollution abatement between the plants in the least cost manner. Tradeable pollution permits are one way to get around this concern. Briefly explain why.e. If polluti..
a) What would we expect this to do to aggregate demand? What component of AD (C, I, etc.) would the tax rebate impact most directly? Explain why. b) Is this an example of the use of fiscal policy or monetary policy?
A famous quarterback quite signed a $15 million contract providing $3 million a year for 5 years suppose that he gets paid at the end of each year.
Assume now that there is an increase in demand for the good produced in this market. Market has once again adjusted to long-run equilibrium.
Suppose an investor has the utility function U(R,s) = R - 0.3s^2 (Here, R denotes the expected rate of return (R) of their investment portfolio and s denotes the risk associated with that portfolio, but this information is not necessary to solve ..
Suppose that Manisa Co. is currently not paying any dividends, but is is known that starting in four years (i.e. the first payment is four years from now), Manisa will begin paying $2 a share. The interest rate is 4%. What is the price today o..
Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
If a bank manager was quite certain that interest rates were going to rise within the next six months, how should the bank manager adjust the bank"s six-month repricing gap to take advantage of this anticipated rise?
Ilkka’s income is $120 and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $2 per unit.
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