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Problem
A newly incorporated company intends to produce plastic containers. A machine with a production rate of 200 containers per hour has an initial cost of $50,000. Other costs associated with the production are
Raw material for one container-$5.
Machine operator-$10 per hour for 8 hours a day production
Hourly electricity used by the machine-$1/hour
Building to house the offices and production facility-$150,000
Personnel salary, advertisement, utility, and other costs
If the containers can be sold at a price of $10 per unit, how many containers should the company sell to break even? Do not consider depreciation and tax.
On your computer, go to an Internet search provider and type in "supervisor job openings". Choose three job openings related to a managment position that list required skills. Create a one-page summary listing the job title, job location, and the ..
Briefly explain whether you agree with the following statement: "If at the current quantity marginal benefit is greater than marginal cost, there will be a deadweight loss in the market.
In the early 1980s, both US interest rates and the value of the dollar rose sharply, reducing the current account balance.
8. The goal of this exercise is to estimate Okun's law using data from the Federal Reserve. Download the following time-series from FRED:1 • The civilian unemployment rate (UNRATENSA): U. • The natural rate of unemployment (NROU): UN . • Real gross d..
Your manufacturing team informs you that they have found a way to increase the size of the manufacturing run from 10,000 to 18,000 units in increments of 2,000.
Thomas Malthus is widely known for his writings on population and how economic growth is hindered by an excessive population.
Whole Foods now faces a significant amount of competition. Analyze effects of the democratic approach to store operation and hiring new associates on store performance.
Suppose both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? How would your answer change if the firms have not yet entered the industry?
Some Classical and Monetarist economists claim that inflation is always a "monetary phenomenon." What do they mean by this claim and are they correct?
If site s2 is explored, then site s3 must also be explored. Furthermore, regional restric- tions are such that exploring sites s1 and s7 will prevent you from exploring site s8. Exploring sites s3 or s4 will prevent you from exploring site s5.
Describe four changes to the traditional 7-Eleven supply chain that the move to fresh foods will require. In addition, discuss four advantages that 7-Eleven can gain by outsourcing all or most of the fresh food supply chain responsibilities.
Suppose an economy has three sectors: Agriculture, Mining, and Manufacturing. Agriculture sells 5% of its output to Mining and 30% to Manufacturing.
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