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Some of the electric generating plants of the Tennessee Valley Authority are powered by coal. Coal is purchased by a separate procurement division and is transferred to the plants for use. Plant managers often complain that the coal is below grade and causes problems with plant maintenance and efficiency. What do you think is causing this problem? What changes would you make to help correct this problem?
Operations Decision
Calculate a total cost function of transport services as a function of volume of production. How you can derive now the average cost and marginal cost of production?
Assume the external marginal cost of pollution is MCext=5Q and internal marginal cost is MCint=10Q. Further, suppose the inverse demand for the product, Q, is given by P = 90-Q.
Explain how the long-run might differ from the short run. In you answer, assume that they also compete with Cisco, IBM, and Google - what is the profit- maximizing price per beverage?
For what reasons may the NAIRU increase?
Why did the executives make these decisions and what caused the relation between the CEO and the stockholders to go so badly awry?
If everyone incomes rose in line with inflation, 1.would it matter if inflation were 100 per cent or even 1000 per cent per annum?
Carefully describe what will happen as we move from short run to a long run equilibrium in a monopolistically competitive industry if companies are making a positive profit in the short run.
What is the labor-intensive good and what is the Marginal Rate of Transformation impact?
Explain the basic distinction between microeconomic analysis and macroeconomic analysis. Describe the types of issues that each branch of analysis focuses on - Describe the types of issues that each branch of analysis focuses on.
What is the cooperative outcome and What is the noncooperative outcome - will they choose the cooperative outcome?
KLP offers consulting services and uses a job order system to accumulate cost of client projects. Traceable expenses are charged directly to individual clients,
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