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Question: A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers and output increased by 100,000 pages per day. One month ago, they added 5 workers and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers.
a. What is the output of pages per worker?
b. What is the output of pages per copier machine?
c. Would you recommend they hire another employee or buy another copier? You have to justify your answer to get any credit.
Demands differ from wants because demands are unlimited, whereas wants are limited by income.
Presume that the interest rate is 4 percent. What is the future value of $100 five years from now? How much of the future value is total interest?
Explain your reasoning providing support for your recommendation. Show calculations to support the rent or buy decision above.
Use the horizontal axis for years and the vertical axis for SAT scores to plot the verbal and math scores for males and females separately and What general conclusions can you draw?
Why is international trade important in south africa
utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..
the president and chief executive officer of a family owned manufacturing firm with assets of $45 million. The company articles of incorporation and state law place no restrictions on the sale stock to outsiders. An unexpected opportunity to expan..
Given that there is an inflationary GP of 800 Billion dollars and we have an MPC=0.75, calculate the amount of spending that would be necessary to achieve.
A chemical engineer has two catalysts and three temperature settings that she wishes to use in a series of experiments. How many treatments (factor-level combinations) are there in this experiment? Carefully describe one of these treatments.
The problem is from economics and it is explain the details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity and total demand.
The replacement of a planing machine is being considered by the Reardorn Furniture Company. (There is an indefinite future need for this type of machine).
Solve for the unemployment rate if Pe = P but Ae does not necessarily equal A. Explain the effects of 1Ae > A2 on the unemployment rate. Now suppose that expectations of both prices and produc- tivity are accurate.
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