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Calculate the paths over time after the slowdown of k, the ratio of capital to effective labor, of y, the ratio of output to effective labor, of K/Y, the capital-output ratio, and of Y/L, output per
a) From the community’s point of view, what is the optimal number of guards to hire? b) If the hiring of security guards is left up to individual residents, how many would be hired?
Analyze which airline has lower costs, and explain your reasoning clearly. Be sure to include definitions of accounting and economic costs of operation in your analysis.
a. What is the difference between elastic and inelastic demand. Please be precise. b. If a restaurant increases its price of coffee from $ 1.00 to $ 1.20 and quantity demanded falls from 100 cups to
The purpose of this assignment is to demonstrate steps performed in an Apriori analysis (i.e. Market Basket analysis).
The production function for the personal computers of DISK Inc. is given by Q= 10 (K *L)^0.5. DISK's competitor FLOPPY Inc's production function is Q = 10K^0.6 L^0.4.
Problem: Construct a production possibilities frontier for a nation facing increasing opportunity costs for producing food and video games.
Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,000 units of clothing per year and 50,000 cans of soda.
The marginal cost of mining a diamond is a constant $1,000. The following schedule shows demand for diamonds that are mined in South Africa and Russia.
The business unit is looking for a 15% markup. If the units sell for $28.00 per unit, what is the break-even point and the shut down point for production. Draw the cost graph for this operation and
He hires you as a reality check on the socio-economic situation. You don’t have much time or money for this assignment, so you must rely on the statistics from official sources and that
You've been hired by an unprofitable firm to determine whether it should shut down its unprofitable operation.
Find an expression for the marginal product of labor, MP L , when the amount of capital is fixed at 16 units, and then illustrate that mardinal producer of labor depends on the amount of of labor hi
Question 1: In the automobile Industry what would an example of an Operations Management Issue Be? Question 2: What would be some facts and circumstances directly related to an issue?
Suppose the firm does enter the market and that over time increasing competition causes the price of telephones to fall to $35. What impact will this have on the firm's productions levels and profit
Problem 1. What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers?
Depict an isoquant map depicting a typical firm's use of two inputs - white and black labor. Label its slope.
Q1. Determine the short-run profit maximizing price. Q2. Show on a diagram the firm's AC, AVC, MC, P and MR.
Question 1: Determine what quanity of the shoes Leon should produce, and what price he should charge, in order to maximize proofits Question 2: What is Leon's maximum profit?
Which of these activities should I include in fixed costs when compiling a contribution margin statement?
Plot the new production possibilites curve. At which point along the horizontal axis doe the new curve cut the axis? At which point along the vertical axis does it cut the axis?
This is based on 5 untis of capital is currently used. Workers are paid at $50.00 per unit. Per unit capital costs are $10.00 and a product is sold for $5.00 each. Given this information optimize yo
These workers can be hired on an as needed basis in the market at $7,000.00 each. Market price is each panel is $50.00 dollars each. How many workers should the best plane company hire?
"Because of economics of scale, it is sometimes more cost effective for a firm to operate a large plant at less than maximum efficiency than a small plant at maximum efficiency." Do you agree or dis
Summarize the view of American critics of global firms that import products purchased from developing country factories that have bad working conditions and pay very low wages. Also, sum