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Is it okay to setup commission of salespeople based on revenue generated by them and contribution suggested by their manager?
Machine X will produce cost savings of $6,000 per year for four years; machine Y will produce cost savings of $4,000 per year for six years. If the interest rate is 10% compounded annually, what are the savings for both of these machines in terms of ..
What is the range for the relative price of cloth such that the economy produces both cloth and food? Which good is produced if the relative price is outside of this range? Write down the unit cost of producing one yard of cloth and one calorie of fo..
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
he can sell his current vehicle to a junkyard for $1500. Interest is 5%. Using present worth analysis, which alternative should he select and why?
Suppose that, in the long run, a pizza firm’s variable costs are V C(Q) = Q2/2 (where Q is the number of pizzas produced each day), its marginal cost is MC(Q) = Q, and there is an avoidable fixed cost of $50 per day. In the long run, there is free en..
Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the federal funds rate would you recommend? How would your recommended change get ac..
How did Henry Ford by two of his brilliants insights was most responsible for the growth of the automobile industry?
What is the optimal pair of two-part tariffs: the pairs Fr - the entry fee and pr - the price per unit that monopoly intends for the rich guy and Fp
If you wanted to assess the competitiveness of a country, would you focus on its spot exchange rate, its real exchange rate, its effective exchange rate, or some other measure of the company's currency's value? Explain
Assume that hotdogs and hamburgers are substitute goods. In the competitive market for hamburgers, there is an increase in the price of hotdogs (due to a decrease in the supply of hotdogs), and an increase in the cost of beef, an input used in produc..
This focuses on the relationship between inputs and output. Different production curves are presented. But the intensity of current global competition often requires managers go beyond the traditional production curves. Today's manager must understan..
What is the inflation rate in the US for 2016? Is this number high or low? Why is this important?
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