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You were recently hired to replace the manager of the Roller Division at a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you begin reviewing the company's production infomration, you learn that labor is paid $8 per hour and the last worker hired produced 100 rollers per hour. The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. What do you think the previous manager could have done to keep his job?
Tom total revenue from cafe is 50000 per year, he bought a coffee machine costing $5000 an interest rate of 5 percent and $3000 is a loan from the bank which the rates is 10%
Find the following: First solve this problem using an Excel spreadsheet approach and then do the problem using the optimization procedure; compare the answers for the two methods.
To best serve customers interested in buying cars over Internet, Smart Motors, hire Nora Jones to respond to customer inquiries.
For this hypothetical economy, what were the three major issues of concern in 2009 AND What is the relationship between these three variables, that is, how does one affect the other?
Assume that the economy starts in steady state. According to the Solow growth model, how would each of the following affect consumption per worker in the long run, Explain?
Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.
Using the static classical AD/YP model, demonstrate the effect of each of the following changes.
Illustrate what would you expect will to the price and quantity sold of Toyota sedans, if the price of Kia sedans fall.
Illustrate What would happen if prices were lowered when demand was inelastic
Exchange and markets, Demand supply and market equilibrium
Explain Comparative Advantage, specialization, and trade support by example. Illustrate the invisible hand theorem supported by example.
Central Med Medical Clinic recently bought an Electec model 1555 mobile CT Scanner for $225,000. Typically CMMC depreciates their medical machine over a 3 year life,
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