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It is fairly common for an industrial cluster to break up and for production to move to locations with lower wages when the technology of the industry is no longer rapidly improving-when it is no longer essential to have the absolutely most modern machinery, when the need for highly skilled workers has declined, and when being at the cutting edge of innovation conveys only a small advantage. Explain this tendency of industrial clusters to break up in terms of the theory of external economies.
to construct a p-chart for a manufacturing process 25 samples of size 200 were drawn from the process. the number of
John has a weekly endowment of 140 dollars that he spends on buying games (G) and music cds (M). The price of each game is 30 dollars, the price of each cd is 20 dollars. He can buy any amount of the two goods that satisfies the budget
How might protective tariffs reduce both the imports and the exports of the nation that levies tariffs?
Given the various modes of international market entry, which mode would be most appropriate for this company? Elaborate.
Demonstrate in BOTH diagrams (graphically and/or geometrically) the Total Coast, Total Variable Cost, Total Revenue , Total Fixed Cost and Total Profit, at the point where quantity produced is at the optima level (Profit-maximizing level).
A road building contractor has received a major highway construction contract that will require 50,000 m^3 of crushed stone each year for 5 year. The stone can be obtained from a quarry for $5.80/m^3
a. Draw the demand and supply curves, before and after the tax. b. What will be the CS, PS, tax revenues and deadweight loss c. Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss.
a) Find the Marginal Product and use this information to determine where diminishing returns sets in. b) If labor costs $684 per unit, find the Marginal cost at Q = 30, Q= 50 and Q = 69. Round any decimal answers to 1 place. Explain how these answ..
You are the manager of a monopoly that faces an inverse demand curve P = 100 - 10Q, and has constant average and marginal costs of $20 per unit. The market place is such that a firm can only charge a single price to all of its customers.
consider the following linear programming problemmin a 2bs.t.a 4blt or equal to 212a b gt or equal to 73a 1.5b lt or
What is the dependent variable? How much you spend for a vacation in U.S dollars. Potentially, what are the independent variables?
You've been debating on making a purchase for yourself. This is a product you've wanted for a while, but one that requires budgeting because you will be making monthly payments.
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