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Jim enters the town and makes a factory, which is employed by the locals. Every worker in the factory works on one machine and is able to produce 6 shirts per hour. The cost of running the machine is half a loaf of bread per hour, the cost to employ each worker is 1.5 loaves of bread per hour.
The customers of the factory are the families of city A.
The time it takes to travel back and forth to the factory is 5 minutes per kilometer. For example, someone who is 2 kilometers away from the factory will lose 10 minutes to make the trip back and forth to the factory.
Which of the families in the city will buy their shirts from the factory rather than make them themselves?
What output will an individual firm be restricted if this price is to be maintained (assume all firms are permitted to produce the same level of output)?
The velocity of M1 money has moved erratically in the past several years because Answer of low and stable rates of inflation of regulatory changes allowing banks to pay interest on checkable deposits interest rates have been stable monetary policy..
Devise a government subsidy that will induce private education providers to educate socially optimal number of students. Explain. Provide a $ amount for the subsidy.Does it ever make sense to not educate some students. If the example were couched ..
John Davis, a recent IE graduate from Tennessee Technological University, bought an SUV for $30,000 with a down payment of $10,000. John had a little business on the side and did not have a girlfriend when he was at school and hence he was able to..
Monica and her father own one of the three automobile tire stores in the city. No other city is nearby. They want do develop a strategy increase sales and market share in their city. What steps can they take?
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
In doing so, she joined a long list of accomplished lawyers who have failed to pass the notoriously difficult examination, including a former governor who required four attempts to pass and a Los Angeles mayor who gave up after four tires. In the ..
In using game theory, both parties have dominant strategies that lead to a best case for each individual. However, these decisions result in a worst case for the combination of the two. Discuss ways that each party can achieve a better solution.
Consider A monopolist that faces the constant elasticity demand curve y(p) = p^a where a 0.Also assume that the monopolist pays a quantity tax of t > 0.
Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia. Cypress River's sales vary seasonally; sales tend to be higher in the spring months than in other months.
If Appe were to build a balanced, scorecard, what two objectives do you think should be included in the learning and growth perspective?
Explain briefly how each of the variables affects the value of an MLB franchise (i.e., use the variable definitions above to interpret, in words, the coefficient estimates with regard to each variable).
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