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What is meant by manufacturing process flow? Why is it that reducing moves, delays, and storages in a manufacturing process is a good thing? Can they be completed eliminated?
2.suppose you have just been appointed to a high level position in the economic analysis unit of the state department.
1) Why do economists treat a normal rate of return on invested capital as an element of fixed costs rather than as a profit? 2) How are "economies of scope" different from "economies of scale?" Give an example of each. Do you see any connection betwe..
Inflation as fiscal phenomenon: The complete version of the Thomas Sargent quote that began this chapter.
What strategies will the borrower and the inside lender choose and why? Will these strategies change if the inside lender increases interest rate to R = 200%?
write the productivity factors which may describe the differences in pay between men and women in similar occupations.
An increase in the labor force: Consider a onetime change in government policy that immediately and permanently increases the level of the labor force.
suppose that sony is a monopolist in the market for games consoles having been the first company to develop a console.
Instead of asking for a price, you offer to give them the product in exchange for 50% of their cost savings. Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.
c300 0.80y - 125 i 150 g 250 x 115 x 125.05y using the original data compute the impact of a 50 decrease in taxes
Ruralville is suffering a 1% annual loss of population and property values. Even so, Ruralville must maintain its tax collections at a constant value.
You've been hired as a management consultant to four different companies in competitive industries. They're each trying to figure out if they should produce.
Compare the view of the inflation-unemployment tradeoff illustrated by the Phillips curve with Milton Friedman's view, expressed in his Nobel lecture.
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