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The price of a McDonald's dinner is $5; the price of a Burger King dinner is $5. The marginal utility you would get from the next McDonald's dinner is 15; the marginal utility you would get from the next Burger King dinner is 20. You should:
A. consume more McDonald's dinners.
B. not consume either Burger King or McDonald's dinners.
C. consume more Burger King dinners.
D. realize you cannot make a rational decision.
A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 65 pounds per week. The beans are purchased from a local supplier for $4 per pound. The coffeehouse estimates that it costs $50 in paperwork and labor to place an order for the..
Calculate the economic order quantity. Calculate the total annual cost. Determine the reorder point, It costs $8 to place an order for plant food.
What is the cheapest concession you can make in a negotiation. Describe how to prepare for a negotiation. Describe the outcome or features of a successful negotiation.
For what reasons do executives spend an average of about 30 hours per week in meetings? In what way is being a member of a virtual team much like being a telecommuter? In what way does the position of a project manager resemble that of a general mana..
An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 42 minutes. The longest activity takes 2.4 minutes and the shortest takes .3 minutes. The line will operate for 480 minutes per day. What..
Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs. Explain how your ethical perspective has evolved throughout the program.
Baker Mfg. Inc. (see Table 11.9) wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. What is Baker’s inventory turnover? What is Baker’s per..
Describe different ways to develop a WBS and how activity definition and activity sequencing correlate to the project network?
You are the proud owner of Wiley Brothers Traveling Circus. It was left to you in your dear Uncle Fred's will. One Ferris wheel, one large big top tent, assorted animals, 27 circus people, and the vans and trucks needed for transportation. It's be..
Detail the five measures that unions have taken in the collective bargaining process to introduce provisions that would protect employees displaced or laid off due to technology changes
Based on your own business experience and your reading, discuss how various organizational structures, cultures, and management impact the project management process.
Discuss the pertinent aspects of the 1933 Securities Act. Specifically discuss the topics of “Exempt Securities” and “Exempt Transactions” and offerings of securities to which each exemption may apply.
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