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Regional Power owns 25 small power generating plants. It has contracted with Genco services to overhaul the power turbines of each of the plants. Th number of hours that Genco billed regional to complete the fourth turbine was 460. Regional pays Genco $50 per hour for its services. Al turbines are similar and an 85% learning curve is appropriate.
Estimate the cost of overhauling the fifth unit:
5th Unit time ___ hours?
6th unit___hours? 6th unit cost $___?
7th unit__hours? 7th unit cost$__?
8ths unit__hours? 8th cost $__?
1. the profitability of the leading cola syrup manufacturers pepsico and coca-colaand of the bottlers in the cola
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j. Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in th..
Normal 0 false false false EN-US X-NONE X-NONE A project has a first cost ..
What would happen to the equilibrium price and quantity of lattes if the cost to produce steamed milk, which is used to make lattes, increased, and scientitsts discovered that lattes cause heart attacks
Suppose that a natural monopolist was required by law to charge average total cost. On a diagram, label the price charged and the deadweight loss to society relative to marginal cost pricing. Briefly explain your diagram and comment on the results..
Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen to th..
If the demand for movies increases at the same time as the movie industry adopts labor-saving technology for producing movies, the equilibrium price for movies will increase, but the effect on the equilibrium quantity of movies is ambiguous. is this ..
Gordon lists his old Lionel electric trains on eBay. He sets a minimum acceptable price, known as his reserve price, of $75. After five days of bidding, the final high bid is exactly $75. He accepts the bid.
Now suppose that x 2 is also free to vary. Derive the demands for the inputs and the long-run cost function of the firm - Draw the two cost functions on the graph. Do they cross? Which one lies higher?
assume that the low-calorie frozen microwavable food company from assignments 1 and 2 wants to expand and has to make
A monopolistically competitive firm chooses its
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