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Manchester Foundry produced 45,000 tons of steel in March at a cost of $1,150,000. In April, the foundry produced 35,000 tons at a cost of $950,000. Using only these two data points, determine the cost function for Manchester.
Illustrate what does the report say about the corporation view of future business challenges and the market in which it operates.
Elucidate the differences in unemployment rates among the United States and Western European countries.
Suppose the firm decided to lease the large factory, and has put down a non-refundable deposit of 4,000 for that factory. Provide a recommendation concerning which factory firm should lease, and the number of boxes of chalk it should produce.
Explain how can this concept be applied to the activities of profit making companies and profit loosing companies or to the revenue and costs components of a firm's net profit.
Assume the basis for the trends in consumption patterns as discussed in the article. Discuss what has occurred to change the demand for, or the supply.
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
To improve crack detection in aircrafts, U.S. Air Force combined ultrasonic inspection procedures with laser heating to identify fatigue cracks. Early detection of cracks may decrease repair costs by as much as $200,000 per year.
Elucidate the difference between economic profits and accounting profits. Using the concepts of relative elasticity and relative inelasticity, explain price elasticity of demand.
What would be the effects on employment and unemployment given the actions taken by the Fed.
Problem on standard deviation
Does the transaction of a buyer also seller directly affect a third party. Is the effect a negative or positive externality.
Explain why is efficiency lost at the extremes as when substantially more of one good and very little of another is produced?
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