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In The Goal, how is cash flow affected by the throughput, inventory, and customer response time?
Suppose that each country has 100 workers and completely specializes in its comparative advantage. How many units of output of sippy cups and binkys will each country produce?
In the Great Plains states west of the Mississippi river, annual rainfall is less than annual water usage for irrigation. The level of groundwater in the Ogallala aquifer that underlies the region is dropping precipitously. On its western edges the a..
Suppose the demand curve for corn is QD =20−1/5P. Suppose that one firm owns the production of corn all over the world and has marginal cost of 10. Does the monopoly sell less output than would be sold in a competitive market with 72 equal-sized firm..
Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. The marginal damages from the pollution is given by MD = 0.003E. The polluter has the opportun..
If an object is falling from the sky with a mass of 100 kg and a velocity of 145 m/s [downwards] what are some factors that could influence or change
Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where MR = MC). At that output level, ATC per meal is $13 and consumers are willing to pay $17 per meal. What is the size of this firm’s profit ..
You had verbal discussions with somebody and a contract was created. Everything was placed in writing at the time, but you have now realized that there is a mistake in the written contract. Can the discussions you had with the other party be brought ..
Explain how wages are related to opportunity costs, both from an employee and employer perspective.
Tweedledum and Tweedledee live along the Gulf Coast, where there is a risk of hurricanes but insurance providing either full or partial coverage is available at its actuarially fair price. Tweedledum is risk averse, whereas Tweedledee is risk seeking..
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available, and individual income is $600, Px=15 Py=10, and they are already purchase 30 units of good X?
A medium-sized profitable corporation may buy a $25,000 F-150 for use by the shipping and receive department. During the truck’s 5-year useful life, it is estimated the firm will save $6000 per year after all the costs of owning and operating the tru..
This is the market data for Vespa motorbikes in Houston. Demand: P = 400 - 0.50Q Supply: P = 260 + 0.20Q where P = Price and Q = Quantity. Calculate the equilibrium price and quantity. Calculate the consumer surplus in this market. Calculate the prod..
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