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Many U.S. families in poverty have material possessions, as in vehicles, homes, etc. Compared to the world, do the poor citizens in the United States truly live impoverished? Explain your answer.
A product sells at the rate of 5 per day and the company operates seven days per week. The order quanitity is 100. It takes 7 days for an order to be delivered. Carrying cost is $200 per unity per year. Assume safety stock is 20 units. What is the ma..
The weekly demand and supply functions for seats on flights between Syracuse and Boston have been estimated as follows: Qd = 1600 - 2.5 Price + .040 Income - 4 Weather + 1.20 Pa ( where Pa is the price of alternative means of travel ) Qs = -50 + 4.25..
The elacity of demand for a firm’s product is - 2 and its advertising elasticity of demand is 0.1. determine the firm's optimal advertising -to-sales ratio? if the firm's revenues are $50,000, what is its profit-maximizing level advertising?
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
Suppose that the government and central bank together want to keep GDP of a closed economy constant but raise the level of investment. What policies can they follow to achieve this?
A hotel owner, having heard that new hotels plan to open in his area, saysl "We have too many hotels in this town already. Statistics show that vacancy rates average 20 percent on any given night." Assuming this is correct, evaluate his negative a..
What is the implicit discount rate - What is the efficiency (in %) of a plant with a heat rate of 9,500 and build the supply curve
The Lumins Lamp Company, a producer of old-style oil lamps, estimated the following demand function for its product: Specify the marginal revenue function. Write an equation for the total cost (TC) function in terms of Q. Specify the marginal cost fu..
Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1’s reservation price for accepting the risky job is $1; worker 2’s reservation price is $2, and so on. Because of technological reaso..
suppose a monopolist can separate its customers into two groups. If the monopolist practices price discrimination, it will charge the lower price to the group with: The XYZ Company is a profit-maximizing firm with a monopoly in the production of UIC ..
When units at MNO International are isolated from one another by strong departmental or divisional lines, it refers to
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8760 hours per year.
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