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Question - An assembly line can produce 60 units per hour. The line's hourly cost is $3600 on straight time (the first 8 hours). Workers are guaranteed a minimum of 6 hours. There is a 50% premium for overtime, and productivity for overtime drops by 5%. What are the average and marginal costs per unit for the following daily quantities?
(a) 300.
(b) 400.
(c) 500.
(d) 600.
suppose that firm 2 acts as a price leader and can commit in advance to setting its price once and for all. in turn
Synthesizing Information Identify at least two instances where you have personally benefited from government regulations. Explain the benefits.
What were these classes, and what element of reasonableness (from the standpoint of economic theory) was there in their advocacy for these respective classes? In today's U.S. society
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
The price of a large pizza decreased from $24.00 to $20.00. As a result, the quantity demanded of skateboards increased from 230.00 to 250.00.
Describe how a large corporation in an established industry can be "entrepreneurial" and discuss how Peng's entrepreneurial strategies apply in this situation.
Suppose industry abatement costs rise from $850 million in 2011 to $1,000 million in 2012 in nom- inal terms and that the CPI is 100 in 2011 and 106 in 2012. Evaluate the change in costs over the period in real terms, first in 2011 dollars and th..
Analyze the type of market in which your selected product will compete, along with an analysis of competitors and customers.
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.
A firm’s costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6.
Calculate the following measures of farm performance and state what they mean (i.e. meaning: return to management for their own and the bank's capital investment):
An employee can make one ski every two hours, it costs $1100 to hire someone, $2100 to fire someone. Stoarage costs are $10 per ski per month.
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