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Formulate the following problem as an integer program: A set of n items are to be repaired in a factory. Item i takes time t_i to repair and requires W_i workers working continuously. It arrives at time a_i and it must be finished by time d_i. The problem is to find a repair schedule that minimises the total number of workers needed. (When a worker has finished working on one job, he/she can work on another job).
Assume the demand for a good is price inelastic. This means that if price decreases by 50 percent, quantity demanded will;
If the initial investment in a project will cost $50,000 with expected benefits of $15,000 a year for 8 years, using 15% MARR per year. The net present worth for the project will be?
To automate one of its production processes, Milwaukee Corporation bought three flexible manufacturing cells at a price of $500,000 each. When they were delivered, Milwaukee paid freight charges of $25,000 and handling fees of $12,000. Site preparati..
Explain what types of biases arise in the different approaches to understanding consumer demand and behavior.
As the economy expands and approaches the peak of a business cycle, which of the following tends to happen automatically, without a specific change in policy?
Which of the following is not one of the long-run consequences of large sustained budget deficits?
q. a show how to own equilibrium in a robinson crusoe model.b what is the relationship between the marginal rate of
A student loan totals $18,000 a graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. If this student received $1,500 as a graduation present and uses it to pay off an extra $1500 in the first month, w..
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in summer, when its occupancy rate is 85 percent. Can this policy be consistent with profit maximization? Explain.
Which economic decision makers conclude the provider of labor. Illustrate what is their goal also illustrate what decision criteria do they utilize in trying to reach which goal.
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
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