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Question: Even though we distinguish between continuous and discrete uncertain quantities, in reality everything is discrete if only because of limitations inherent in our measuring devices. For example, we can only measure time or distance to a certain level of precision. Why, then, do we make the distinction between continuous and discrete uncertain quantities? What value is there in using continuous uncertain quantities in a decision model?
General Motors (GM) produces light trucks in several Michigan factories, where its annual fixed costs are $180 million, and its marginal cost per truck is approximately $20,000. Regional demand for the trucks is given by: P = 30,000 - 0.1Q, where ..
A paper mill discharges gunk that causes damage of $200 to the fishermen's business. The pollution damage can be eliminated in one of two ways: the mill can install a filter at cost $300 or fishermen can install a water treatment plant at cost..
What was the driving force for Deltek going public in the first place? Was there merit in this logic? What advantages did Deltek find in going public once it became a public company? What disadvantages did it face?
You cat's summer kitty-cottage needs a new roof. You are considering the following two proposals and feel a 15-year analysis period is in line with your cat' remaining lives. (There is no salvage value for old roofs.)
Using the Company as Hewlett Packard and IT (Information Technology)as the Industry- a). describe one strong force and one weak force impacting your industry and company. Explain clearly why they are strong or weak?
what does the term economizing problem mean for an individual and for society? as part of your answer include the four
financing healthcare and public health insurance please respond to the followingdefend or critique the primary
Analyze the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery.
How did the Social Security system contribute to the surpluses of the late 1990s and how can a baby boom cause problems for an unfunded pension system?
As mandatory federal spending becomes increasingly a larger share of the budget, should we worry that the economic stabilization aspects of fiscal policy.
Wildcat Oil has recently discovered a new 500 million barrel crude oil reservoir in Kasakstan. Reservoir engineers predict recovery of about 300 million barrels with current technology. The firm needs a preliminary cost estimate for a feasibility stu..
Assume that a firm operates with the production function Q(K.L)=KL1/2 and assume that the price of labor w=$4 and the rental rate for capital r=$2. without doing any calculations, sketch a representative LTC and LAC curve for this production functi..
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