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Jones Machinery specializes in developing weed-harvesting equipment that is used to clear small lakes of weeds. Robert Jones, president of JonesMachinery, is convinced that harvesting weeds is far better than using chemicals to kill weeds. Chemicals cause pollution, and the weeds seem to grow faster after chemicals have been used. George is contemplating the construction of a machine that would harvest weeds on narrow rivers and waterways. The activities that are necessary to build one of these experimental weed-harvesting machines are listed in the accompanying table.
ACTIVITIES IMMEDIATE PREDECESSORS TIME (WEEKS)
A 7 B 5 C A 3 D A 2 E B 4 F B 6 G C, E 11 H D, F 7
a) Construct a network. b) Calculate the project completion time of the critical path.
What is the marginal propensity to consume - what is autonomous consumption with respect to disposable income equal to in this economy?
A tax is applied to the market in the amount of $32 per unit. With the tax, sellers now receive a price of $60 per unit sold. You will have to calculate the price paid by buyers - but you have enough information to do so. With the tax, 540 units are ..
Contingency Plan 1 is a new process introduced by an international health team that guarantees the removal of pathogenic microorganisms in the town’s water system. Evidence has revealed that Contingency Plan 1 will lower the influenza rate to four ne..
Calculate various measures of productivity and explain they mean. Explain in words what the marginal productivity of labor and average productivity of labor measures and why this is important information for the owner of a business. Why does marginal..
Kermit is considering purchasing a new computer system. The purchase price is $129,090. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments o..
Assume a company has $200 in fixed costs, marginal costs are $10, and the company produces 100 units per year. How low can the price go before it is preferred to shut down? Answer the question for the short run and for the long run
Which of the following is true about product markets?
General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.
Suppose that you have a von Neumann-Morgenstern utility function given by. Over what range of wealth is this function potentially appropriate to analyze your financial choices under risk? What is your Arrow-Pratt measure of risk attitude?
What will the sustainability movement look like over the next 20 years? What issues do you expect to take center stage? How will business respond?
You’re fairly well up the food chain at the U.S. EPA in the summer of 2015 (you got fast-tracked as a result of all you learned in your Spring 2015 environmental economics course) and have been asked to put together a set of policies to protect ecosy..
In "Preventing a Brave New World" (pp. 331-343), Leon Kass concludes that reproductive and therapeutic cloning of human embryos is unethical. What are the exact steps in Kass's argument for this conclusion? What is your assessment of the strengths an..
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