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The total fixed costs for manufacturing a product each month is $8,000. The variable cost per unit consists of direct labor, material and overhead. The labor will be based on the 25th unit and an 85% learning curve is expected to apply to the number of hours per unit. The first unit took 0.5 hours. Labor is charged at $18 per hour and overhead is charged at 150% of the direct labor. Material costs are $7.00 per unit. Marketing expects that the price of the product and the demand will be related such that p=$90-0.12D. Determine the optimal demand per month and the profit at that demand.
Identify at least one deterrent of the Internal Revenue Code (IRC) used to discourage the payment of bribes and kickbacks to foreign officials.
You are purchasing a 6-year discount bond with a face value of 441. At the time of purchase it had an interest rate of 3%. Calculate the price of the bond that you are purchasing. Please express your answer in dollars to the penny.
Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
An efficiency wage is designed to
Imagine that you are a lobbyist for timber, an established industry suffering from low-priced foreign competition, and you are trying to get Congress to pass trade restrictions. Which two or three of the five arguments do you think would be most pers..
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
Suppose that you own a 25 year old movie theatre in Micropolis. It has 6 screens and a concession stand. Across town there is a 7 year old movie theatre with 4 IMAX screens and 20 more regular screens. For each of the characteristics listed below, ev..
q. as ceo of firm a you and your management team face the decision of whether to undertake a 200 million rampd effort
Consider the following market game: An incumbent firm, called firm 3, is already in an industry. Two potential entrants, called firms 1 and 2, can each enter the industry by paying the entry cost of 10. First, firm 1 decides whether to enter or not.
Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explai..
q. discuss the overall effectiveness of the organ procurement system in the united states. what are its strengths and
The Nelson Company has $1,875,000 in current assets and $625,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term..
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