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Hourly cost of labour
A system of mining requires 3 operators at any one time . The mine operates on a three shift basis per day , 6 days a week . Allowing for availability the mining system operates 5,000 hours per year. Each worker costs $55,000 per year. Assuming all personnel are required on service shifts , an absenteeism rate of 5%, determine the hourly cost of labour.
Explain and discuss the mechanisms by which this has occurred, and contrast our experience with: a) the recent performance of many NICs (newly-industrializing-countries) in the last few decades
Use the above data to answer the following questions-If the price of entertainment increases by 2 percent, what will happen to the quantity of food demanded? Please be specific
Suppose the firm raised the price to $4.00 while increasing its advertising expenditure by $100. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule and a demand curve.
Characterize each of the following statements as true or false, and explain your answer.
There is no Constitutional needs which individual states must accept monies offered by federal government to support requires affecting their citizens.
You are a financial adviser to a U.S. corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan.
Suppose that a firm is a perfectly competitive industry has the following total cost schedule: Compute a marginal cost and average cost schedule for this firm.
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?
Provide brief but theoretically sound explanation for each of the following.
As the manager of Pelican Point Financial Group, you are unable to determine whether any given individual is a high or low volume transaction investor. Design a self-selection mechanism that permits you to identify each type of investor.
The Microsoft trial has been only one of the biggest investigations of antitrust behavior as the turn of the century.
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