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Question: The voice-mail system will incur training and inefficiency costs of $2500 the first month, $1500 the second month, and $500 the third month. What is the payback period now? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
A batch of 10000 steel bars has been manufactured. The mass of those bars varies according to the normal distribution with a mean of 5.3 kg and a standard deviation of 0.2 kg. Specifications call for the bars to have a mass of between 5.0 kg and 5.6 ..
Normal 0 false false false EN-US X-NONE X-NONE Suppose that before the dro..
in 2003 when music downloading first took off universal music slashed the prices of cds from an average of 21 to an
What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? What is monopolistic competition? GIve an example?
(a) Calculate the equilibrium price and quantity in this market. Graph the demand and supply curves and illustrate your equilibrium point.(b) Calculate both the elasticities of demand and supply at the equilibrium point. How would a small increase in..
What determines the quantity of variable input(s) (labor) that the manager of a firm employs? Use economic principle (law) to explain this.
In China, rural property is owned collectively by the village while being managed under long-term contracts by individual farmers. Why might this be a problem in terms of optimal land management, use and allocation?
Suppose that a market is described by the following supply and demand equations: Qs = 3P, Qd =400?P Solve for the equilibrium price and the equilibrium quantity.
A chemical factory dumps pollutants into a nearby river (permissible under the existing laws). In lieu of dumping into the river, the factory could pay for the pollution to be hauled to a toxic waste dump site at a cost of $125,000 per year.
Find linear demand and supply curves that are consistent with this information and how would the equilibrium price of ethanol motor fuel in the first half of 2008 compare to the price in 2007?
Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
Is there efficiency in production?
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