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Fast forward five years and you are the proud owner of Healthy Child, LLC. Health Child is a store with seven locations throughout Georgia which sells healthy child products ranging from clothing to toys to food items. One of your hottest selling items is JUICE PACK a six pack of different types of apple, cranberry and grape juices. You sell over $5,000,000 worth of JUICEPACKS a year so when Consumer Reports broke a news story on arsenic in apple juice, you took notice. What laws does it violate if your apple juice supplier has over the allowable limit of arsenic? Should you be worried as a business person selling this product? WHY? What can you do as business person to handle this situation? What can you do as a citizen? For this last question, I want a specific strategy for change.
The Rainbow Point Manufacturing Company has a varied product line. One of their products is latex paint. Rainbow can manufacture the paint at an annual rate of 8000 gallons. Analyze the problem for economic production (inventory) quantity, cost, and ..
q1. the government is involved in providing many goods and services. for each of the goods or services listed determine
A commercial bank is concerned about its image among its clients. In a random survey that was run last year among 500 clients, 54% said that they were satisfied with the level of customer service. This year, in another survey among 400 clients, only ..
U.S. government price supports for milk led to an unceasing surplus of milk. In an effort to reduce the surplus about a decade ago, Congress offered to pay dairy farmers to slaughter cows. Use two diagrams, one for the milk market and one for the mea..
Does a monopolistic competitor produce more or less output as compared to an efficient level of production? Explain. What are the benefits and drawbacks of this? Should the government intervene to alter this?
Compared to an income tax, does an inflation tax place a greater or lesser burden on the poor? Please explain your answer.
A hot dog vendor faces a daily demand curve of Q=1800-4p, where P is the price of a hot dog and Q is the number of hot dogs purchased each day. If the vendor has been selling 300 hot dogs each day, how much revenue has he been collecting? What is the..
In many states, including Florida, it is illegal to engage in price gouging. Florida’s law penalizes a seller for any “gross disparity between the quoted price of a ‘necessity item’ such as water, and the item’s price on the date that the governor de..
Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
Why have human rights laws/norms expanded so much in the last half-century? What have been the major areas of contention regarding human rights? How has cultural context shaped different states’ understanding of human rights?
Analyze several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income.
Use a .01 level of significance to test if there is a difference in the mean production of the three assembly lines. Develop a 99% confidence interval for the difference in the means between Line B and Line C.
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