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What do you think about adding slack to individual task estimates (sometimes called padding estimates)?
What do you think about adding a project buffer for the entire project, as critical chain scheduling suggests?
What are some ethical considerations when using slack and buffers?
Suppose that a monopoly has fixed costs of $1000 and marginal cost of $100. They face a straight market demand curve that runs from $500 on the price axis to 1000 on the quantity axis. Plot their demand, marginal revenue, marginal cost and average..
As the price of a resource used in the production of good "X" increases, a firm's per-unit costs of production will (decrease/increase), the market price of good "X" will (decrease/increase), and the firm's demand for most of the resources used in th..
The national debt of many developed nations is projected to grow to unsustainable levels. Why might national legislatures welcome higher inflation? Does inflation offer a means for a country to finance its increasing debt?
Suppose that product prices start rising but nominal wages do not. In that case,
Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.? Is it b..
The United States exports more than it imports
Define national income as total income of all capitalists in a country plus total income of all workers (including immigrant workers) in the same country. Per capita income is defined as national income as defined above divided by all people in the c..
What is the amount of equal annual deposits needed in years 7 through 14 to provide for a series of annual withdrawals of $2400 beginning 9 years from now and increasing at the rate of 2% per year through year 19? Assume an interest rate of 5% per ye..
The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-restraint caps on household products, including cosmetics. When the rule was first proposed, it was resisted by the cosmetic industry an..
Suppose the average Social Security benefits in the nation are $14,000 per year. The number of Social Security pension recipients is currently 50 million. There are 150 million workers in the workforce this year and the average taxable wage per worke..
Year 1 Quantity Price Burdock Vision 5 Holter Analysis System 50 $6,000 foldable wheelchair 300 $116. Year 2 Quantity Price Burdock Vision 5 Holter Analysis System 55 $5,600 foldable wheelchair 290 $190 If Year 1 is the base year, what are the year 2..
Suppose the real interest rate is 3%, the real growth rate is 2%, the money multiplier is 4, banking innovations are decreasing the demand for money by 1% per year and the money supply is growing at 10% per year. What should be the price of a T-bill ..
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