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Problem: Williams & Sons last year reported sales of $110 million, cost of goods sold (COGS) of $90 and an inventory turnover ratio of 5. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 9 while maintaining the same level of sales and COGS, how much cash will be freed up?
Suppose that two economies share a common steady state so that there is convergence between them. The poorer country closes 2% of the income gap between them each year.
Use gradient analysis to provide an estimate of eleven data points that seem to represent the MC curve over this range of outputs. Plot these data points and sketch in estimated MC and AVC curves that seem to best fit these data points.
Suppose the number of motor-vehicle fatalities in a city during a week is Poisson distributed, with an average of 8 fatalities per week. What is the probability that 12 fatalities occur in a specific week?
In no-fault insurance, anyone involved in an accident is compensated for losses, regardless of who actually caused it.
Suppose the demand for automobile tires in the US is: Qd=112-2.10P where Qd is quantity demanded in millions of tires and P is the price per tire.
Is it necessarily inefficient for airlines to charge different prices to different customers? Why or why not?
Consider the choices of two groups of women ages 30 to 50. All the women in one group have a college education. All the women in the other group have less than a high school education
The demand for euros by Americans is also
The quantity of coffee demanded Qd depends on the price of coffee Pc and the price of tea Pt the quantity of coffee supplied Qs depends on the price of coffee Pc and the price of electricity P e .
If an economy experiences a decrease in consumer spending, most economists believe:
If you could live anywhere in the world, where would you choose and why? What is one location in the world you would never, ever live? Why not? Be sure to consider and discuss the economic factors affecting your decisions, especially the labor market
problem 1 the annual demand d for a new cvj video camera can be described by d 2000 2p where p is the retailers
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