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Q. Two Processes are under consideration for a certain production. Process A needs acquisition of a new machine which is estimated to have an initial cost of $65,000 also a salvage value of $52,000 at the end of its useful life of 6 yrs. In addition, the process needs a fixed cost of $47,000 per yr also a inconsistent cost of $250 per day. Alternatively, Process B needs utilize of human labor. The process will need 6 workers; every earning $200 per day also will have a fixed cost of $36,000 per yr also additional inconsistent costs of $200 per day. Conclude the minimum number of days per yr required for the two processes to break even at an interest rate of 2% per yr.
Illustrate what salary would be required for the soldiers to be as well off as with the allowance.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
Give some illustrations of managerial decision situations in that you think the linear programming technique would be utilize.
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
Explain how labor market equilibrium is affected by the supply also demand of labor.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
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