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An executive from a large merchandising firm has called your vice president for production to get a price quote for an additional 100 units of given product. The vice president has asked you to prepare a cost estimate, The number of hours required to produce a unit is 5, The average labor rate is $12 per hour, The material cost $14 per unit, Overhead for an additional 100 units is estimated at 50% of the direct labor cost, if the company wants to have a 30% profit margin, What should be the unit price to quote?
In a closed economy $10,000 is to be spent anually on the maintenance of existing capital stock,while the factor cost of final goods producing during the year=65k $. Producers pay 10k by the way of production. Find GDP at market price.
assume you are the plant manager for bravo pork rinds which produces pork products in a market that approximates
select one 1 of the following categories of products to research sports apparel automobiles home furnishings or
What are the two effects of every price change? Given two goods, "x" and "y", if the price of "x" increases (all else equal), what do each of the effects say will happen to the consumption of "x"? After the change, what can we say about the quantity ..
Employ the following information on hypothetical short-run production function to answer questions a-d. Compute the marginal and average variable product of each unit of labor input. Hint: plot your Units of labor and Units of Output vertically.
Give an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
firms often face the problem of allocating an input in fixed supply among different products. find the optimal crude
suppose a consumer has 600 to spend on two goods good x and good y. the price of good x is given by px 20. the price
The cost function for gumballs is given by TC = q(2v+w), where q is the output of gumballs (in thousands), v is the hourly rental rate for gumball presses, and w is the hourly wage.
a newspaper columnist signs a contract with a newspaper chain. several months later she is offered a position with
compare and discuss realism orthodox liberal and interventionist liberal perspective. provide empirical support and
The CEO and COO in the United States hope to use your writing and experience to convince other workers of value of what Acme is doing abroad.
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