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Otto the Bus Driver is also a producer of oranges in a perfectly competitive market that is currently in long-run equilibrium at the price of $50. At equilibrium quantity of 100 trees, Otto’s average variable cost per tree is $35. Draw a graph for both the industry and Otto’s firm (include MR, MC, ATC, and AVC) Label the area of Otto’s Total Revenue Label the area of Total Cost Label the shut down point Describe Otto’s firm in terms of the following Productive efficiency Allocative efficiency With side-by-side graphs, show the results of an increase in demand for oranges and identify what happens to the following in the short run. Price for Otto’s firm Quantity for Otto’s firm.
Assess your current financial situation to determine which concept(s) discussed in would be the most important for you to take into account before you made a $10,000 investment in debt securities
What are the critical path activities. What is the project's scheduled completion time What is the slack or float for Activity C? Show your calculations.
How can diversity give a company a competitive edge? Can diversity really make a difference in the bottom line for a company? How? Provide examples.
Select one commandment of implementing change. What is its impact on the ability of an organization to respond rapidly to market conditions?
What are the key attributes of the transformational style of leadership. Explain why you think these attributes are required of a transformational leader.
Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior
To what extent does the development of new technologies simplify and routinize the job of employees? What are the most significant effects of job simplification? Why? Is job simplification a desirable goal of the application of technology in the work..
How can a problem-solving model be used to guide the process of quality improvement in an organization’s product and services? What are the advantages and disadvantages of using a problem-solving model (e.g., can problem-solving models slow down the ..
Explain why does Video Vault differ from Blockbuster in number of copies of movies it stocks. Would a studio that owns title to movie be indifferent between stocking policies of Video Vault and Blockbuster.
A virus is rapidly becoming a pandemic. You are in charge of the CDC and have been given the authority to distribute a rare, but effective, cure. The problem is that it takes a considerable amount of time to produce the medication. Currently, there a..
Scheduling techniques are designed to disaggregate the master production schedule into time-phased daily or hourly activities. A detailed production schedule must include when and where each activity must take place in order to meet the master sch..
Inventory carrying cost is 24% of the unit price per year. The suppier has offered a unit price of Rs.100per item but he is willing to reduce it to Rs.95 per item if a purchase order of 1000 units or more is placed. Should you accept this offer?
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