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Describe an example where theory of constraints (TOC) was successfully applied to improve a process, or where the potential for TOC to improve the process in a major company.
Suppose that consumption expenditures, investment expenditures, and government purchases are 75 billion, 25 billion and 20 billion, respectively. How large should the GDP be so that the net export is zero?
Political Instability Abroad Suppose that political instability in other countries makes people fear for the value of their assets in these countries so that they desire to purchase more U.S assets. Refer to Political Instability Abroad. What would h..
What are some of the online fraud schemes that you have heard about, and what do you think is the next online fraud scheme that will make the 5 o'clock news?
In an economy production is characterized by the neoclassical function =K^.5*N^.5. Suppose it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03. Write this production function in per capita form and fin..
The result will be that American wage levels will plunge downward until they equal the wage levels in China and other poorer countries.
Bob’s Whole Catfish is a southern Alabama farm that operates in the perfectly competitive catfish farming industry. Bob’s short-run total cost curve is STC(Q)=400+2Q+0.5Q2 where Q is the number of catfish harvest per month. All of the fixed costs are..
Assume a monopolist faces a market demand curve P ?= 100 -? 2Q and has the short-run total cost function C= 640+ 20Q. What is the profit-maximizing level of output? What are profits?
What might be some specific obstacles that private/public companies might put into place to reduce trade with others?
Consumers are uniformly distributed along a linear city of length 1 (assume, for simplicity, U[0, 1]), have transportation costs t per unit of distance, and have unit demands. Except for their location, they are identical and have surplus s for the g..
The local chapter of the Project Management Institute (Links to an external site.) is planning a dinner meeting with a nationally
Clearly explain how closely do government expenditures measure opportunity cost for the following:
Assume that Jamaicans' taxes, imports, and saving behavior means that two-thirds of any change in income will survive leakages of tax, import spending, and saving. With this information you can calculate the multiplier at work in the Jamaican economy..
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