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Question: Jan Tinbergen is a newly hired quantitative analyst for Ford Motors. He has requested to provide an estimate of the number of cars engines for two models to produce each day. One of these is the Standard model engine, while the other is the Deluxe model engine. The profit per unit on the Standard model engine is $60, while the profit per unit on the Deluxe model engine is $40. The Standard model engine requires 10 minutes of assembly time, while the Deluxe model engine requires 25 minutes of assembly time. The Standard model engine requires 5 minutes of inspection time, while the Deluxe model engine requires 10 minutes of inspection time. The company must fill an order for 6 Deluxe model engines. There are 250 minutes of assembly time and 120minutes of inspection time available each day. How many units of each product should be manufactured to maximize profits? What is the maximum profit
Given the long-term budgetary deficits facing the federal government, some members of Congress have advocated repealing the prescription drug benefit that it created for Medicare beneficiaries in 2003 (i.e. Medicare Part D). If that should happen, ho..
Consider a 10-year bond that makes semiannual coupon payments, which was issued 1 year and 167 days ago. If the coupon rate is 4% and the yield to maturity is 3
Use a supply and demand diagram to illustrate effects on equilibrium market price and quantity of firewood used for household heating. Clearly explain any changes depicted in your diagram.
Consider the signaling model explanation of wage determination. Assume that a low ability. white individual is equally productive as a low ability minority (both have marginal productivity of 5) and a high ability white individual is equally producti..
This exercise presents a simple example to elucidate how exchange-rate conversions can produce misleading results and how the PPP methodology works.
Construct an 95% confidence interval of the proportion of middle-income Americans who actively participate in the stock market.
If the US inflation rate becomes high relative to Canadian inflation the following outcomes will occur for the scenarios listed - The demand for Canadian dollars will increase; The supply of Canadian dollars available for sale in the market will decr..
Suppose that demand is given by P=120-3Q, and supply is given by P=10+Q.
In terms of econometric analysis and methods, how would you deal with the Olympics 2012 and the Pandemic if the data starts in 2002
A city near chicago sold $9000000 in bonds to pay for improvements to an airport. It set up a sinking fund with end-of-quarters payments in an account earning 8% compounded quarterly. Find the amount that should be deposited in this fund each quarter..
State and explain the law of diminishing returns. How might this law apply if you were studying for an examination for an online course? What is the difference between explicit and implicit costs? Which of the costs is most closely associated with op..
Find out statistics on the web from 2004 to present on the fillowing indicators of the macroeconomic conditions of U.S. economy:
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