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You run a business selling robotic vacuum cleaners for fenced in backyards. The rent on your building is $2,300/month. Utilities used to average $600/month, but only are $100/month since your landlord covered the roof in solar panels. Your average cost to buy your parts from a wholesaler is $71.70/unit. You spend $10/unit to package them. Your taxes average $19.72/unit. You have five employees that make the units that you pay $15/hour. Your shop is open 8 hours/day, five days a week. Over the course of a year, this averages out to 22 days/month. Your employees work an average of 9 hours/day over the course of the month. The average selling price for a unit is $189. How many units per month must be sold to make a $5,000 profit each month?
Find the 95% confidence interval for the difference in the means. Private 13,568 13,512 16,558 17,324 23,420 12,503
Explan how AT&T determines what quantity of labor to demand and what events could shift the demand and supply of that labor.
Cost Planning; Gasoline Prices In June 2008, when gasoline prices were at an all-time high, greater than $4 per gallon, Chrysler Motor Company promoted its Jeep vehicle with the offer of either $4,500 off the price of the vehicle or the guarantee tha..
The process of specialization and trade has positive net benefits and is therefore beneficial to everyone. It can be mutually beneficial for two nations to specialize in goods for which they have a comparative advantage and then trade with one anothe..
How do the core ideas of Hayek about proper use of knowledge in society apply to the internet?
"While the imposition by a country’s government of an import tariff on a good clearly injures the country’s domestic consumers of the good, the tariff helps domestic import-competing producers and enhances overall country welfare.
What are the problems with the bail process? Is it always fair? Can it discriminate against some persons? Why or why not?
The radio manufacturing industry has been in decline for quite some time. Suppose the government is called on to save this industry with infusions of cash, low interest loans, or other special breaks. This might be touted as helping firms remain open..
If a central bank set a negative interest rate, how would this work in practice and why would a central bank even consider such a policy?
q.what would be the production possibility frontiers for brazil and the united states?without trade the united states
Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose you're trying to sell a company a new accounting system that will reduce costs by 1..
q1. how does the theory of efficient production apply to managers of government bureaus or departments that are not run
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