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Problem: A company calculates that its daily production (in number of widgets produced) depends on the number of workers, n, it employs according to the model: P(n)= 40n-0.05n^2. Calculate and interpret the marginal production at any employment level between 250 and 500 workers. Explain to the workforce analyst why it wouldn't make sense to have more than 400 workers scheduled on any day.
Suppose the long-run total cost function for any firm in an industry is given by the cubic equation. TC=a+bq+cq^2+dq^3. Show (using calculus) that this total cost function is consistent with a U-shaped average cost curve for at least some values of a..
Operating Cash Flows. Laurel's Lawn Care, Ltd., has a new mower line that can generate revenues of $120,000 per year. Direct production costs are $40,000 and the fixed costs of maintaining the lawn mower factory are $15,000 a year.
Identify three different sources of economic growth for a national economy. What do you think would be the most helpful thing to increase economic growth within the U.S. economy? Why?
Even-handed enforcement of contracts fuels economic prosperity because it
determine the possible circumstances under which the company should discontinue operations. suggest key actions that
1. All else equal, what does lower interest rate mean for ?rms? What does a lower interest rate mean for savers?
What Can a Parent Do? Your media contact has told you that he/she will ask you to provide concrete tips for parents that reflect the latest research findings on cognitive and emotional development in infants and toddlers.
Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.
Suppose that the market for gnomes is yet to reach equilibrium, and that the current price and quantity in the market for gnomes.
Build on these ideas. You may thinking too, Is an umbrella just an umbrella or can other features be added to make it more functional?
A retail outlet is being designed in a strip mall in Nebraska. For this outlet, the installed fiberglass insulation to protect against heat loss in the winter.
A manufacturing company is considering a capacity expansion investment at the cost of $245,219 with no salvage value. The expansion would enable the company to produce up to 35,887 parts per year and the useful life of the additional capacity is seve..
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