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You have been asked to estimate the cost of 100 prefabricated structures to be sold to alocal school district. Each structure provides 1000 square feet of floor space, with 8-feet ceilings.In 1999, you produced 70 similar structures consisting of the same materials and having the sameceiling height, but each provided only 800 square feet of floor space. The material cost for eachstructure was $25000 in 1999, and the cost capacity factor is 0.65. The cost index values for 1999and 2005 are 200 and 289, respectively. The estimated manufacturing cost for the first1000-square-foot structure is $12000. Assume a learning curve of 88% and use the cost of the50th structure as your standard time for estimating manufacturing cost. Estimate the total material cost and the total manufacturing cost for the 100 prefabricated structures. (3.3,3.4)
Markets in developed economies are approaching saturation level. Therefore, MNCs are searching for new untapped markets in emerging countries such as India and China.
If the government imposes consumption tax on the good that raised prices by $1, by how much will the consumer's surplus change? Show the relationship between EV, CV, and consumer surplus using compensated and uncompensated demand curves. If you your..
If congress and the president decide an expansionary fiscal policy is necessary, what changes should they make in government spending or taxes what changes should they make if they decide a contractionary fiscal policy is necessary
Employment also labor law influences as the organization grows both domestically and internationally
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the curve". Do you thin..
Critically analyze also elucidate real-life economic problems also opportunities by applying economic concepts, principles, and theory.
Airline alliances are major global partnerships that typically secure antitrust immunization, develop code share flights, coordinate frequent flyer plans,
Use the line drawing tool to draw a line showing the relationship between the number of deliveries (on the horizontal axis) and your total cost (on the vertical axis). Draw the lnie between zero and 20 delieries. Label this line 'Cost'.
Assume a country decides it will either dollarize or create a currency board. Of these two options, why might dollarization be a better choice.
A coin was flipped 60 times and came up heads 36 times. Suppose you test whether the proportion of heads is greater than 0.50 at a 10% level of significance. What is your conclusion?
Elucidate that the indirect utility fuction of quasi convex function of prices and income
Say that a person has observed the following: family farms in a developing country tend not to consider family labor which is used to work the farm (weeding, harvest, etc) as a cost: that is, family farms in a developing country tend not to val..
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