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Design a program that converts pounds to kilograms. Your program should ask the weight of a person in pounds and then converts it to kilograms. The program should then display the weight in kilograms. 1 lbs is equal to 0.45359237 kilogram.
Hint: You might consider using named constants.
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. Describe the employment decision, output level and profits made by firms for..
For the following production functions: calculate marginal product of labor (L), marginal product of capital (K), and the technical rate of substitution. Identify if the production function exhibits constant, increasing, or decreasing returns to scal..
q1. assume a small nation has following statistics its consumption expenditure is 15 million investment is 2 million
Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $1,500,000. Ranking the firms’ sales from highest to lowest, we find the top four firms’ sales to be $225,000, $195,000, $165,000, and $110,000, res..
Evaluate the relative importance of economies of scale and comparative advantage in causing the following.
You have been the Chief Financial Officer (CFO) for a large manufacturing company for 15 years. The Company’s yearend is March 31 and you are finishing the year end accounts. You have recently been advised by the Chief Operating Officer (COO) of a si..
Hhgregg has been successful in retailing appliances and electronics by combining high prices with excellent customer service. In late 2008, Saks Fifth Avenue tried a new strategy in retailing luxury clothing. Saks decided to slash prices on designer ..
A solar panel has an installed cost of $2900, and it reduces the homeowner’s energy bill by $29 per month. The residual value of the solar panel is negligible at the end of its 11-year life. What is the annual effective IRR of this investment?
What are the three functions of money? In your own words, explain why money is needed in a modern economy. Why would it be very difficult to get by without money?
Generally wind turbines can substitute for coal in the production of electricity. Imagine a breakthrough in the production of wind turbines reduces the cost of generating electricity with wind by 50%. How would this alter the incentive to find and pr..
Should the government increase the minimum wage? What should be the guidelines for an increase? What are some of the disadvantages of an increase?
Ki Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, Ki realizes the price of a Coach Seat should be $155 (one way). How ..
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