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A life-insurance salesman spends 9 hours a week on the telephone soliciting new clients. From past experience, the salesman estimates that each hour spent calling students, blue-collar workers, and professionals will produce the following number of additional sales: Number of Additional Sales Hours calling Students Blue-collar workers Professionals 1 10 8 14 2 8 6 11 3 6 4 8 4 4 3 6 5 1 1 4 6 0 0 1 a. How should the life-insurance salesman allocate his phone calling time to maximizing the number of sales? Hours spent calling students=? Hours spent calling blue collar workers=? Hours spent calling professionals=? b. Now suppose the salesman decides to spend 16 hours a week soliciting new clients. How should he allocate his time? Hours spent calling students=? Hours spent calling blue-collar workers=? Hours spent calling professionals=?
Note: please give the answer with explanation. I need explanation of these questions
Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.
lean burgers drive through receives 20 customers in every ten minutes of business time between 1200 - 100 pm during
q.exercise 1price mart reduces the price of a 42 inch tv plasma from 1200 to 1000. as a result sales of tv plasmas
Determine the depletion charges using the percentage depletion method for the first year only for a coal mine. The applicable rate for the percentage depletion method is 12%. Cost to acquire mine rights = $50,000
"High salaries are essential if we are to have the most capable students pursuing medical careers" Comment- Why or why not?
Either design will serve equally well and will involve the same material and manufacturing costs excluding the lathe as well as drilling operations.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
In the United States, the Federal Reserve frequently engages in buying and selling of the government securities as well as other policies. In recent years, the Fed has reduced the Discount Rate several times. The Fed has also purchased substantial am..
Takashi has non-labor income from his investments of I = $60 per day, and can earn an hourly wage at his job of $20 per hour. Write a formula for Takashi’s budget constraint as a function of L (leisure hours) and C (consumption spending per day). Is ..
pecifies that the real wage will rise by 10 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.1 in the second year. Illustrate what dollar wage must be paid in the second year.
Should people be allowed to sell kidneys in the U.S.? How should we measure the gains and losses? In general, are markets always the preferred solution? Why or why not?
Consider a bond market. Show graphically and explain how each of the following changes would affect bond price, quantities traded and yield.
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