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Topic:
Customer Integration and Satisfaction (Advanced business logistics)
Each week the initial post will include a reflection and conclude with a question for the other students to ponder.
To be considered substantive, your reply should add significantly to the discussion by building on others' comments, pointing out similarities or differences in your backgrounds or course expectations, etc. One or two sentence responses such as "Hi, welcome to the course!" or "I feel the same way" are not acceptable.
Instructions: Your initial post should be at least 250+ words.
Assume that the labor supply curve to a firm is the one given in Problem 1 above that is, (E=5W). If the firm’s marginal revenue product of labor (MRPL) 240 – 2E, what is the profit-maximizing level of employment (E* ) and what is the wage level (W *..
Assume consumption is represented by the following: C = 400 + .5Y. Also assume that planned investment (I) equals 100. Given the information, calculate the equilibrium level of income. Given the information, calculate the level of consumption and sav..
Suppose the federal reserve made a mistake and caused a recession. Then we should observe A. a high rate of money growth. B. potential output decreasing. C. interest rates rising as output falls. D. inflation increasing as output decreases. E. inflat..
Each employer faces competitive weekly wages of $1,600 for blacks and $2,400 for whites. Suppose employers undervalue the efforts/skills of blacks in the production process. What is the value of the marginal product of each black worker? What is the ..
Economists use Gross Domestic Product (GDP) to measure the economic activity and the national income. What are the major components of the USA GDP? Explain the contribution of each component to the GDP with data. What is the difference between real G..
Bill gets utility from consuming food (F) and clothing (C) represented by the following utility function: U(F,C) = FC + F. The price of food is $1 per unit and the price of clothing is $2 per unit. Bill’s income is $22. Graph Bill’s budget constraint..
Suppose that the demand curve faced by a particular firm is given by q = 300 – 5P. Could this be a perfectly competitive firm? If it is optimal for the firm to produce a positive amount of output in the short run, how much should it produce?
In your own words describe the Wheel of Retailing. How would you classify Walmart in terms of its position on the wheel of retailing versus that of an off-price retailer?
Suppose that two countries are exactly alike in every respect (meaning they have the same levels of capital, output, depreciation, etc.) except that the citizens of country A have a higher saving rate than the citizens of country B. which country wil..
Chris has $100 to spend this month on movies and/or books. A movie costs $10 and a book costs $20. Draw Chris’s budget constraint (or budget line), with the number of movies purchased on the vertical axis. What is the opportunity cost of the second b..
Have you thought about starting your own business? What opportunities seem attractive? What type of financial resources and personal skills would you need to launch a new business? How would you obtain these financial skills and personal resources?
What is the monopolist's profit under the following conditions? The profit-maximizing price charged for goods produced is $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units, marginal cost is $8, and..
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