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If an individual performed the following four tasks, mortgage loan processing, textbook printing, residential building and Newsprint paper manufacturing. Which of the tasks will inappropriate to use the job costing?
Assume that safety in the workplace is costly to provide for a manufacturing firm. Draw an isoprofit curve map for the firm with the wage rate on the vertical axis and risk of injury on the horizontal axis. Explain why the graph looks as you have dra..
The utility function U = (X^3)Y. When X (on the horizontal axis) =16 units and Y (on the vertical axis) = 48 units, the marginal rate of substitution of the indifference curve passing through this point is?
The printing press played a huge role in the advancement of the Protestant Reformation, changing forever the way people communicate. To deepen our understanding of this topic, can you think of any other technologies that have had a similar impact on ..
Which of the following is the best example of a short-run adjustment? Smith University completed negotiations to acquire a large piece of land to build its new library. Your local Wal-Mart hires two more associates. A local bakery purchases another c..
The absolute value of Mars' MRS at his current consumption bundle is strictly greater than 2. Mars has convex preferences. Which of the following statements is (are) true? Justify your answer graphically.
At what number of units of annual production will Company A have the same overall cost as Company B?
Consider the following supply and demand schedule for steel: Pollution from steel production is estimated to create an external cost of sixty dollars per ton. From an economic point of view, what is the best solution to this environmental conflict of..
Why do we have so many different types off cognitive behavioral approaches? please supply links so that I may understand the reasoning.
What is Marginal Utility? Why does it diminish? Explain verbally and using appropriate math/symbols, the slope of the indifference curve. Write out the equation for and explain the "Consumer Equilibrium Condition", or as it is sometimes labeled, the ..
The method used to prepare the budget can also affect the amount of time it takes to complete the budget. For example, companies that use participative budgeting will likely take longer to complete the budget process. What is participating budgeting?..
Consider a representative firm that produces using capital (K) and labor (N), but that owns no capital. The firm can hire workers in the labor market at a wage w and can rent capital market at a rental rate r. Find the firm’s optimal profits. Find th..
As part of his plan to reduce the budget deficit, President Clinton proposed raising the excise tax on gasoline by 50 cents per gallon. While passage of this proposal was blocked by Congress, what would have happened to the sales of gasoline if the p..
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