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A furniture maker has an order for 94 identical tables. If the furniture maker estimates his learning curve at 87% and can reach steady production of 7 hours per table on the 7th table, how long should it take to make all the tables? Express your answer in hours to the nearest whole hour.
While grading a final exam, an economics professor discovers that two students have virtually identical answers. Illustrate which outcome do you expect.
Suppose that during the past year tv fell from $2000 to $1800 per tv sales increased from 700000 to 800000 tv. calculate elasticity of demand.
Describe the process in the money market (demand and supply of/for money) by which the interest rate reaches its equilibrium value if it starts above equilibrium.
Anticipate what business law may look like 20 years from now and give your opinion on what you believe students will need to know in order to be successful in the field. Provide a rationale for your response.
A laboratory centrifuge costs $80,660 and has a $5530 salvage value with an 8-year recovery period. The estimated annual operating cost is $7000 per year. Use the double declining balance method with switch over to straight line to determinate the bo..
In 1980, per capita GDP of Rwanda was about $728 and in 2010 about $1,025. Calculate the average per capita GDP growth rate of Rwanda from 1980 to 2010.
The market supply curve slopes upward because:
Many people are concerned about changes in the distribution of income.
q1. suppose that in case b in table 2.5 the united states exchanges 4w for 4c with the united kingdom.a in the terms of
Write down the profit maximization problem of the representative firm. What is the new short run equilibrium price and production.
How many different samples of two tellers are possible - compute the mean of the sample means, and compare it with the population mean.
What do you think are the implications of the level of both consumer and government debt? What are the implications of foreign ownership of US government debt?
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