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In the 1980s, Harley-Davidson, the American manufacturer of motorcycles, was losing millions of dollars each year and was in danger of shutting down. In response, management reduced substantially the size of the inventory of parts, components and tools at its factory. Explain how this practice would have enabled Harley-Davidson to reduce production costs and become more competitive with Japanese manufactures. (Hint: In 1980 Harley-Davidson needed to sell 53,000 bikes per year to break even, but two years later it needed to sell only 35,000 to break even.) In answering this question, assume that Harley-Davidson is operating in a perfectly competitive market.
An engineering design firm is bidding on a design build contract that will last 2 years. New computer equipment costing $25,000 per year will need to be leased.
Explain what an idiom is and why you believe idioms should not be used in academic writing.
You just won a contest and have been appointed City of New York Tax Commissioner (you might be asking, why did I enter such a contest? :)). Your primary goal is two fold: raise revenue and make the tax code more efficient. You have to decide which go..
If marginal utility is zero
ABC Inc is a monopolist selling to two competitive retailers who engage in the Bertrand competition. ABC Inc has a constant marginal cost of 10. Demand at the retail market is given by p=70-q. Solve for the Nash equilibrium, and find the equilibrium ..
adam smith rejected utility as a foundation for value. he illustrates this rejection in his famous diamonds and water
A firm has the following relationship between the number of employees it has (E) and its daily output: Employees (E) output APE MPL VMPE 0 0 1 50 2 60 3 68 4 74 5 78 6 80 In the table above, calculate and enter the average products of labor (APE).
What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?
What major arguments can you list to support the doctrine of free trade? Why is the WTO important in maintaining the doctrine of free trade? What values and principles has the GATT/WTO promoted to liberalize international trade?
Calculate the following elasticities and classify good x. The market situation is as follows: m=$100, Px=Py=$10
One effective way to get the message about Individual Assistance to eligible tribal members is to:
Compare and contrast the command economy, the capitalist economy, the traditional economy and the mixed economy.
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