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Suppose you manage a rm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number of workers employed in plant 2. Given that you have 1,000 workers, what is the best allocation of workers between the two plants?
q.part 1in 2011 company xyz had sales of 345620million net working profit subsequent to taxes of 10250 million and
Explain why is the usa called a democratic federal republic and how is our organization of government different than the canadian, israeli, japanese or french democracies.
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
Give some illustrations of managerial decision situations in that you think the linear programming technique would be utilize.
The installed cost of a conventional electric hot water heater is $200. A family of four uses an average of 300 liters of hot water a day, which will require $350 worth of electricity each year.
If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles
Draw a hypothetical demand and supply curve for cyber cafes - coffee houses with computers hooked up to the Internet with access to daily newspapers (among other things) at each table. Show how demand or supply is affected by the following:
After allowing for sleep and personal care, she has 70 free hours each week and must split these hours between work to earn money.
For the following sets of goods, draw two indifference curves(IC1 and IC2 where IC2 yields a higher level of utility than IC1). Draw each graph so that the quantity of the first good is on the horizonal axis and identify utility functions for part a)..
Assume a local producer of beef cattle wishes to remain at the same level of output when the input cost of corn increases but the substitute input milo does not increase, what will the producer do to remain at the same level of output?
The Internet provides a wonderful opportunity for doing marketing research and learning about various consumer markets. You are to prepare a report on the size, location, purchasing power, and market potential for the 3 largest minority target market..
Over the last decade, several firms have entered this industry and, as a consequence, Forey is earning a return on investment that roughly equals the interest rate.which market structure best characterizes the industry
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