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Using optimization theory, analyze the following quotations:
a) "The optimal number of traffic deaths in the United States is zero."
b) "Any pollution is too much pollution."
c) "We cannot pull U.S. troops out of Afghanistan. We have committed so much already."
d) "If Congress cuts out the International Space Station (ISS), we will have wasted all the resources that we have already spent on it. Therefore, weust continue funding hte ISS."
e) "Since JetGreen Airways has experienced a 25 percent increase in its insurance premiums, the airline should increase the number of passengers it serves next quarter in order to spread the increase in premiums over a larger number of tickets."
Explain how many cases of toothpaste should be produced in order to maximize profits. Illustrate what happens if its decided to raise prices unilaterally in this toothpaste market.
A narrowly diverse culture is always desirable in organizations. The chain of command outlines the planned configuration of positions, job duties, and the lines of authority among different parts of the organization. Task-oriented behavior involves c..
q. think about a firm recently that you have done business with. illustrate what industry does this firm belong to? for
The General Manager (GM) of a car dealership is working on a three year business plan. The GM expects inflation to rise over the next three years.
If you have to make a random guess and there are four possible answers, what is the expected value of guessing?
If the US were to triple the amount of food stamps and housing assistance, then the direct and immediate effect on US poverty rates as officially measured would be:
q.the manager of the aerospace division of general aeronautics has estimated the price it can charge for providing
Discuss the differences between accounting profit and economic profit. What does it mean when a company makes zero accounting profit? How about zero economic profit?
If you were the President of a large research-oriented medical school would you want your Board of Directors to invest in cigarette company stocks? Why or why not?
Analyze your chosen topic from the basis of our course content by beginning with an underlined thesis statement (purpose) in the first paragraph. Then use each paragraph to analyze a separate concept, theory, or principle from the text which helps ex..
What do you expect to happen to your sales. How would you answer parts a and b if you expected a 5 percent increase in income instead of a decrease.
Why would the government bypass the free market in times of war? Is government rationing a better idea than rationing by price? Give reasons. How does government rationing affect the allocation of resources? Explain.
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