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A furniture maker has an order for 94 identical tables. If the furniture maker estimates his learning curve at 87% and can reach steady production of 7 hours per table on the 7th table, how long should it take to make all the tables? Express your answer in hours to the nearest whole hour.
A firm in a perfectly competitive market invents a new method of production which lowers its marginal costs. Illustrate what happens to its output.
q.according to the rule of most favorable input usage a firm should hire a person as long as her marginal revenue
A restraint manager believes he will need all new kitchen appliances in 2 years. The cost today is $48,800 but costs are going up at 10% per year. Find the semi annual payments needed f funds earns 5% compounded semi annually. Round to the nearest do..
Three Guys Named Moe, a moving company in Econopolis, is contemplating a price hike. Right now, they charge $20 per hour, but Moe #1 thinks they could get $30. Moe #2 disagrees, saying it will hurt the business. Should they do as Moe#1 suggests and r..
A selfless person approaches Jones also Smith with a $100 bill also offers to sell it to the highest bidder but both the winning also losing did der must pay her their bids.
A portfolio has an expected annual return of 15.7 percent and a standard deviation of 19.6 percent. What is the smallest expected loss over the next calendar quarter given a probability of 1 percent?
While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only______ of the regional bank presidents are members of the FOMC. The Federal Reserve's role as a lender of last resort involves lend..
The application of current US antitrust law
Now suppose Starbucks introduces world to premium blends, and so demand rises substantially.
if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain. the interest income that could have been earned on money invested in a college education is not relevant..
Suppose the demand for honey is given by Q=500-4p. Also, suppose there are 80 honey producers in the market. What is the equilibrium price of honey?
explain how the short-run phillips curve the long-run phillips curve the short-run aggregate supply curve the long-run
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