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If major overhaul costs are estimated at 15% of the net capital cost and this occurs every 20,000 hours determine the major overhaul cost per operating hour.
The customer wants the product packaged in large cartons rather than the normal individual containers and will pick them up in its own trucks.
The Textile Workers of America is planning to strike for higher wages. Management predicts that if the strike is successful, the cost of labor will increase to $100 per day.
If Tarzan and Jane are each currently willing to give up on hour of patrol for 2 pounds of fruit, is the current allocation of Cheetah's time Pareto efficient.
Calculate the incremental profit Fluff Rite would earn by customizing its poppers and marketing directly to retailers.
The age at which women could obtain the age pension will gradually raise from 60 - 65. Over the last 5 years the participation rate of women between 60-64 increased.
Jim is considering quitting his job and using his savings to start a small business. he expects that his costs will consist of a lease on the building, inventory, wages for two workers, electricity
Definition and example of the Law of Diminishing Returns. The following table gives total output or total product as a function of labor units used.
If apples sell for $2 per bushel and workers can be hired in a competitive labor market for $30 dollars per day, how many workers should be hired.
Give two reasons a single minimum wage might distort the labor market for teenage workers more than it would the market for adult workers.
Identify three manufacturing industries that experienced large percentage decreases. What single factor is the most likely cause of the entry and exit differences between your two groups.
Do you think the employee relations practices you have mentioned are less costly or more costly than working with unionized labor.
Emily draws cartoons that she sells to her classmates. Her average product of labor is five cartoons per hour if she works for one hour, four per hour.
Include your math in a clear format so that others can see how you obtained that price. Explain how the two pricing methods you used differ.
Assuming each cake costs the same to make, what is the average cost to produce a cake. Calculate Alyssa's labor productivity ration in dollars per hour for each type of cake.
What is the consumer price index. What are the pros and cons of using the CPI as a measure of the cost of living. Use examples.
XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labor should XYZ hire each day to maximize its profits.
What is the actual wage rate per hour. Compute the labor rate and efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Lori
Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Suppose you work at Jiffy Lube, where you earn $15,000 per year. Your rich Uncle Walter recently died and left you an inheritance, so you are thinking of starting your own business.
Calculating the marginal cost in the given case. What is the marginal cost with 8 worker(s) (to two decimal places)
Calculate net domestic product (at factor cost). Calculate net domestic income (at market price).
Calculate the breakeven level for the following YoYo firm. The firm has overhead of $200,000. The sales price for YoYo's yoyos is $5 each. The costs of labor are $1 per yoyo and direct materials an
What three factors find out whether two economies with separate fiscal and monetary authorities must form a currency union? Write down an illustration of each factor by using NAFTA economies.
Cummins Engine Corporation of Columbus, Indiana take in advance to decrease the effect of the exchange rate fluctuation on company profitability?