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how much a worker can inventory if he works ...
Iminishing returns to taking inventory. If one worker uses one computer, he can inventory 125 items per hour. Two workers sharing a computer can together inventory 175 items per hour. Three workers sharing a computer can together inventory 185 itemagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are dims per hour. And four or more workers sharing a computer can together inventory fewer than 185 items per hour. Computers cost $125 each and you must pay each worker $30 per hour.
A monopolist faces demand given by: P = 100 - 0.4Qd, and has marginal costs given by MC = 10 + 0.2Q a. draw the demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge.
Give a numerical example to show that a monopolist's marginal revenue can be upward sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue. Think of a graphic that shows the possibility of declining a..
CHEMCO operates two plants, A and B, which produce the same product. The capacity of Plant A is 60,000 gallons while that of plant B is 80,000 gallons. The annual fixed cost of Plant A is $2,600,000 per year and the Variable cost is $32 per gallon..
It is estimated that .44 percent of the callers to the Customer Service department of Dell, Inc. will receive a busy signal. What is the probability that of today's 1,100 callers at least 5 received a busy signal Use the poisson approximation to t..
wITH CURRENT TECHNOLOGY, SUPPOSE A FIRM IS PRODUCING 800 MUFFINS DAILY. ALSO ASSUME THAT THE LEAST-COST COMBINATION OF RESOURCES IN PRODUCING THOSE MUFFFINS IS 4 UNITS OF LABOR, 8 UNITS OF LAND, 2 UNITS IF CAPITAL.
One alternative way (from the formula on p. 419) to calculate the total change in money supply when the Fed injects money into the economy or takes away money from the economy is the amount of money injected or taken away by the Fed times the mone..
Sean Bell invested $10,000 on a blue chip stock five years ago and paid a commission of $90. He sold it today for $14,192.20 and paid the same commission, exactly 5 years and 4 months since the stock was bought.
Suppose that David has $1000. In the beginning of a year he decided to put his money in a saving account with 5% interest rate per year. The CPI was 150 in the beginning of that year. He expected that the CPI would be 153 in the beginning of the n..
If a random sample of 400 customers is selected, what is the probability of Type I error using this decision rule?
The interest rate is tied to the economy. Based on your opinion, will the economy grow or recede for the rest of 2011 and 2012 Will the pace of growth (or recession) fast or slow The current interest rate is very low.
assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $28 billion respectively. If the economy moves from point a to point b over a 2-year period, what must have been its annual rat..
You are the manager of a company that vaccinates human beings for biological diseases. Your company uses two inputs to produce vaccinations: physicians and laboratories. However, this is a short-run analysis where physicians are variable but labor..
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