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Private companies frequently approach your consulting firm to undertake special projects and provide advice to management. As a senior consultant, one of your jobs is to quote a price for these projects based on an estimate of cost and firm resources (i.e., consultants available to work on them). Your firm recognizes that it is competing with other consulting firms for its potential clients' business.
Over the last six months, you have bid on ten separate projects and have won nine of them. You are establishing a reputation as someone who really can bring in business. Some managers in the firm are worried, however, about a shortage of resources (i.e., available consultants) to complete these jobs. Is yours a "good" bidding record? Describe carefully how you would make this assessment.
Which of the following is not one of the explicit functions of the Federal Reserve granted by Congress.
How does technology affect the productivity and cost of the industry you currently work for or you are familiar with? How do the technical and economically efficient concepts shape the long-run average total-cost curve of this industry?
Using supply and demand curve for pounds, analyze the effect of the following on the $/pounds exchange rate: if the US economy slides into a recession?
Suppose there is a minimum quantity of calories per day that a consumer absolutely needs to survive and live an autonomous life. Suppose further that the current equilibrium in the calories market is such that the quantity is less than this minimu..
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
perfect competitionthe meat-processing industry in hungary is perfectly competitive and there are two types of firms
If maria spends a fixed dollar amount per week on movie rentals regardless of changes in the price, mariaʹs demand for movie rental can be considered:
Derive the equation of the consumer's demand curve for x and with y on the vertical axis and x on the horizontal axis, draw a price-consumptioncurve when the price of x changes.
Long-run cost curves are planning curves, while short-run cost curves are operating curves. Do you agree or disagree with this statement?
What would the number of paying patients and federally funded seniors be if the federal funding agency raised its rate to $120 per treatment?
Some Health Economists believe that the demand for medical care may be "supplier" or physician-induced. State whether under a Fee-for-Service and under a Capitation financing structure physicians will have an incentive to increase or decrease ..
On a tropical island there are 100 potential boat builders, numbered 1 through 100. Each can build up to20 boats a year, but anyone who goes into the boatbuilding business has to pay a fixed cost of $19. Marginal costs differ from person to person.
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