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Media Moguls (M&M) normally sells 240,000 units per year. It costs M&M $52 to purchase each unit, the fixed cost of ordering is $260, and the carrying costs equal 15 pecent of the units purchase price. (a) What is the EOQ? (B) How many orders should M&M place each year?
Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for possible future product and estimates that the reservation value is $250..
Nick has a utility function U(x, y) = x2 y2 and faces the budget constraint pxx+pyy=Y. a,Suppose that Y =120, py =1 and px =4.
Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..
Compared with lower inflation rates, a HIGHER inflation rate will (increase/decrees) the after-tax real interest rate when the government taxes NOMIAL interest income. This tends to (encourage/discourage) saving, thereby (increasing/decreasing) the q..
The HRB Corporation is the world’s only manufacturer of air filters for Zamboni engines. Last year, HRB charged $20 per filter and sold 1 million of them, and it paid all of its production workers $10 per hour. What is the elasticity of demand for Za..
Can we say confidently whether good X is a normal good or an inferior good.
An economist working for a private information service argues that it would be better for the US economy if the USDA stopped providing public information on crop production levels and projected prices.
Which goal was the most important at the time your article was written - find an article in which either fiscal or monetary policy makers were describing
If sales fall by 20 percent from 1 million papers per month to 800,000 papers per month, what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these cost.
Determine an appropriate strategy(s) for a resolution to the conflict. How should the teacher manage the situation with the student and the classroom.
What are the advantages and disadvantage of Pigouvian taxes, effluent taxes and marketable permits in terms of addressing negative pollution externalities?
Using the Internet or a newspaper, locate an article about a controversial environmental issue in your community. Create a critical response from a legal perspective to that issue in the form of a letter on behalf of the community (In other words, pr..
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