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Employees in a factory arrive at the tool crib at an average rate of one employee every five minutes. There are two tool crib taking and employee's orders. The average time for a tool room clerk to fill an employee's request is six minutes. Assume that management has valued employee's waiting time at $18 per hour to reflect the cost of lost productivity. The cost for each clerk is $6 per hour. In addition, the two computers used by the clerks are rented at a cost of $20 each per day. If the tool room is open for business 9 hours per day, what is the daily cost of this operation?
What would be benefits of action. What would be costs. How would you decide what was best level of emission reduction. Why do you think your approach would be better than others.
Two university graduates, Bill and Steve, worked for an advertising agency at an annual salary of $40,000 each for 3 years after they graduated. Then, they decided to quit their jobs and start a partnership that designs and builds Web sites. What is ..
Describe a situation in which market equilibrium occurs. How do prices serve as a regulator? Discuss an example.
Explain why high import tariffs on imported goods do not help lower domestic unemployment in the long run. There are two separate answers and they are both in the book. Reason one: Reason two:
Firm Supply Curve. Calculate the average cost and marginal cost. From the firm profit maximization behavior, solve the firm’s short run supply curve.
The greater the elasticity of the LM curve, the greater will be the effectiveness of fiscal policy. The more interest elastic the investment demand function, the more effective monetary policy will be. The more interest elastic the investment demand ..
If amazon.com's revenue increased after it cut the price of books, dvds, and blu-rays what must be true about the price elasticity of demand for ordering these goods online?
How should the manufacurer respond to this competitive threat? Suggest at least two alternatives.
“But in real-life America, and especially in the America of railroad men and new industrialists, laissez-faire was a dangerous idea” Explain. The giant modern corporation did more than transform business into finance. It displaced classical ideas abo..
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
Elucidate how does consumer surplus after the discovery compare to Illustrate what would exist if the New Jersey oil were supplied competitively.
Suppose the Fed conducts an open market sale by selling $10 million in Treasury bonds to Acme Bank. Sketch out the balance sheet changes that will occur as Acme restores its required reserves (10% of deposits) by reducing its loans.
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