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An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job time. Find the standard time for this operation.
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
Economic data has shown a relationship between Inflation and Unemployment rates. What is this relationship called? What are some determining factors of the relationship? How has government fiscal/monetary policy been utilized to attempt to manage ..
Elucidate from a financial point of view why a firm might want to stay in business in the short run when total revenue is below total costsElucidate from a financial point of view why a firm might want to stay in business in the short run when tota..
The central bank of Country A takes no stabilizing-policy actions. After the short-run impacts of the adverse supply shock become apparent, the central bank of Country B increases the money supply to return the economy to full employment.
Consider the case of a regulator and a single polluter. Suppose the regulator knows the marginal damage from pollution but is unsure about the firms marginal savings from emitting. The regulator asks the firm to reveal its marginal savings from em..
Suppose that the interest rate is determined by; M/P=d1Y-d2i, where P is the price level, Y is real GDP and M/P is real money stock,
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
Now, assume the ECB also employs comparably aggressive policy. Copy your results from the left graph and show on the right graph how the ECB could affect the USD/EUR exchange rate.
Illustrate what can you infer from this data about the rate of labor productivity growth in the US economy during this period.
Illustrate what is mean by "neutrality" or "superneutrality" of money. Give examples and discuss when they are likely.
The socio-economic shortcomings that China experienced
Consider the following marginal abatement costs (MC) for a firm using an old abatement technology, where costs are in thousands of dollars. MC=0.5Q a) Assume that the regulatory authority has set an abatement standard (QST) equal to 40 units fo..
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