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Future production requirements in the turret lathe department must be satisfied through the acquisition of several new machines and the hiring of new operators, the exact number to be determined. There are three new parts that will be produced. Part A has annual quantities of 20,000 units; part B, 32,000 units; and part C, 47,000 units. Corresponding standard times for these parts are 7.3 min, 4.9 min, and 8.4 min, respectively. The department will operate one 8-hour shift for 250 days/yr. The machines are expected to be 98% reliable, and the anticipated scrap rate is 4%. Worker efficiency is expected to be 100%. How many new turret lathes and operators are required to meet these production requirements?
Assume that a national restaurant firm called BBQ builds 10 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $200,000 of equipment and furnishings
Important information regarding Price Elasticity of Demand and Total Revenue
Suppose that output increases to 209. Redo the calculations in (a) and (b). Explain (in terms of savings and investment) the reason for the interest rate change.
Provide the key provisions of the tax cuts passed through Congress in spring 2003 and explain how would these tax cuts be represented by the aggregate expenditure model and the IS curve
Use diagram to describe how each of the following events affects the equilibrium price and quantity of pizza (draw a separate diagram for each event)
Calculate the Marginal Propensity to Consume - Furthermore you know that the marginal propensity to save (MPS)equals 0.4
The industry financial performance had not be ideal last year and Jackson feared that taking this action would cause the financial statements to be even worse.
What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use Who made those resources available, and why
What are the effects of an appreciating/depreciating exchange rate on the balance of payments? exchange rate on the balance of payments.
how much can wells fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost function is C(Q)= 10 + 4Q + .5q(squared). What is your max profit in the short run?
Still remaining including the Ricardian framework, consider that Canada has 100 units of labor available for production while Mexico.
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