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Let's consider a firm ABC which operates in manufacturing auto parts, which are eventually supplied to the global automakers. To expand its business, our manufacturing firm needs more press machines. Let's say the market price of each machine is $ 5,000,000, and the firm needs at least 2 such machines for its two production plants. The management does not want to invest significant capital until they are sure of the demand. In such a scenario, they can decide to lease the press machine for $ 5,000 a month. Hence the effective expense would be $ 10,000 per month for the firm ( taking both machines into account).
Such a mechanism will help the firm in fulfilling its strategic initiatives of expanding the manufacturing capacity at a much less amount without taking any business risk. What it has lost out to is the ownership rights, which at this moment of time is not the biggest issue that management is concerned about.
Once the firm has tested waters and is confident of the available demand, they can go ahead and purchase the machines from the market.
If an individual's utility function is given by U(xy) = x0.4y0.6 and I = 200, px = 2,py = 3, his or her preferred consumption bundle will be:
When the Fed lowers the federal funds rate, the quantity of money ________ and the supply of loanable funds ________.
Answer each question in this part with TRUE, FALSE, or UNCERTAIN. Provide a brief but clear explanation for your answer.
q1. during the purchasing decision evaluation stage the consumer forms preferences among the brands in the choice set.
Suppose we are using the concepts of supply and demand in the labor market for nurses in Moscow. If a large number of Moscow’s nurses decide they will move to Washington to look for work, how would this be reflected in the Moscow labor market?
what he has learned to estimate the demand for ice cream in his father's parlor during his summer vacation. Using regression analysis.
-Discuss the pros and cons of the federal government's plan to subsidize child day care across Canada
Describe what effect this change will have on Annette's ability to make purchases in France and explain why.
It costs M&M $52 to purchase each unit, the fixed cost of ordering is $260, and the carrying costs equal 15 pecent of the units purchase price.
Professor Grubert of MIT points out that nearly half of federal government spending is on social insurance programs, like social security, Medicare and Medicaid, Supplemental Nutrition Assistance Program or food stamps, the Earned Income Tax Credit, ..
Home has 600 units of labor available. It can produce two goods, apples (QA) and bananas (QB). The unit labor requirement in apple production is 3, while it is 2 in banana production. Graph Home’s production possibilities frontier with the production..
When would you choose to use static routing, instead of letting dynamic routing take care of the routing paths for you?
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