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Just-in-Time production uses more frequent, smaller orders. For the move toward smaller orders to be economically sound, what change to which parameter in the EOQ formula is required?
a) Increase in D
b) Decrease in h
c) Decrease in D
d) Decrease in K
e) Increase in h
f) Increase in K
Suppose a firm's production function is given by Q = 2K + L*K. Does this production function exhibit increasing, constant or decreasing returns to scale?
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Calculate the index of occupational segregation by sex using the formula given in footnote 5, Chapter 5. Explain exactly what the number you obtained in (a) means in light of the definition of the sex segregation index.
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