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Blueberry Boxes is a local company that grows and sells blueberries in boxes (what else were you expecting!). The company is using wooden boxes instead of plastic in order to reduce carbon footprint. Typical pack size of these is labeled 16 oz. which represents the net weight of blueberries in a box at the time of packing. The company has purchased a Chinese machine that fills berries in boxes. Their experience with such packaging machine shows that the fill is almost normally distributed with a standard deviation of 0.2 oz. The company understands that if they set the average at 16 then 50% of the boxes will be filled less than 16 oz. They think that will make many customers unhappy and are particularly concerned about underweight boxes. Someone suggested that they can set the machine to fill somewhat more than 16 oz and that should take care of the problem. After a lot of discussions, the management decided to set the average fill at 16.3 oz. while the label still claims 16 oz.
Based on this information, calculate the official unemployment rate to the second decimal place (hundredths place). Please show how you got your answer
A profit-maximizing firm will use less of a factor of production when:
The deindustrialization of there western world has lead to a loss of blue and white collar jobs.
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..
What is the Beige Book? What type of information does it contain? give some examples from the most recent edition and discuss the uses and effect of the three major tools of monetary policy.
In international economics, what is the Heckscher-Ohlin model? What are the differences between it and the Ricardian Model?
How can the government's power to coerce (influence economic behavior) be economically beneficial?
What are the factors [discuss at last 3] that have an impact on the success of an organization trying to establish its business in a foreign country?" You must provide me an accessible link to your research.
Federal Express offers two kinds of overnight delivery. There is priority overnight, which is guaranteed to reach its destination by 10:30 A.M. the next day, and standard overnight, which is guaranteed to be delivered by 3 P.M. the next day. Priority..
A local newspaper headline blared: "Bo Smith signed for m.u.30 Million." A reading of the article revealed that on April 1, 2000, Bo Smith, the former record-breaking running back from Football University, signed a m.u.30 million package with the Da..
Assuming that the AS curve is horizontal, how will an increase in productivity affect equilibrium GDP and equilibrium price level?
Their friend Ken sees this and claims that Jack and Phil have the same preferences. True or False? Explain.
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