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In a complex assembly operation, it is found that the learning curve rate is 70%. The standard time of 3 minutes per assembly is reached after the 110th unit. Find
i. The time required for the very first unit.
ii. The time required for the 200th unit.
All other factors held constant, what would be the effect on the demand for money (M1) of each of the following situations. Explain the rationale behind your responses.
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor an increase in immigration
Do you think the overall level of R&D would increase or reduce over the next 20 to 30 years if lengths of new patents were extended from 20 years to, say "forever"?
What is the internal rate of return on this investment? Assume that the cab is paid for at the beginning of the ?rst year, but that the annual cash ?ows happen at the end of the year.
Draw a diagram showing how the market equilibrium will change if the marginal social costs of a polluting production activity are included rather than just the marginal private costs of that activity.
Calculate the two error measures that you used in other model analysis and comment on the acceptability of the size of the measure.
Compute output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level. Compute these values at the profit-maximizing activity level.
Find the total product, average product and marginal product for integer values of L from 1 to 9. Plot the total product on a graph and the average and marginal product on another as shown in class.
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
Determine the marginal cost for bottle of wine and what will be the reduction in number of crashes at that intersection achieved by the mayor?
Explain how the break-even quantities and operating leverages are affected by the relationships between fixed and variable costs.
Draw the new budget line and use the indifference curve to identify the change in quantity purchased and illustrate the income and substitution effects.
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