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A manufacturing firm has received a contract to assemble 1000 units of test equipment in the next year. The firm must decide how to organize its assembly operation. Skilled workers, at $33 per hour each, can individually assemble the test equipment in 2.6 hours per unit. Alternatively, teams of four less skilled workers (at $19 per hour each) can assemble a unit in one hour. Which approach is more economical?
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
q.consider an economy with no production. the economy is endowed with 50 bushels of alfalfa a and 50 bushels of barley
Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?
Illustrate what is the average time in the system. Illustrate what is the probability there are more than three cars in the system.
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
The interest earned is deposited back into the sacinvgs account each month. How much is this account worth 28 years? Answer to the nearest dollar.
q.3-42 jim vendors is viewing about manufacturing a new type of electric razor for men. if advertise were favorable he
q. assume that a household in a two-period model has income of 30000 in period 1 and 25000 in period 2 and the interest
Supply and demand are foundational concepts in understanding economic theory. Whether you are a coffee drinker or not, you have been tasked to examine the impact of supply and demand when dealing with the coffee retail industry.
You are given permission by the owner of the store to hire a fellow classmate to help out. One day you see the classmate take some clothing from the store.
firm discriminates against females with a discrimination coefficient of 1.7. How many male workers will be hired?
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