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An executive from a large merchandising firm has called your vice president for production to get a price quote for an additional 100 units of a given product. The vice president has asked you to prepare a cost estimate. The number of hours required to produce a unit is 5. The average labor rate is 12 per hour. The materials cost 14 per unit. Overhead for an additional 100 units is estimated at 50% of the direct labor cost. If the company wants to have a 30% profit margin, what should be the unit price to quote?
Give an example of how you would use this information to set the price for your product in the market place and explain one factor in detail about how shifting demand and supply curves makes market demand estimation difficult
a producer of fixed proportion goods beef and leather goods that are complements in production such that qbql - each
A popular magazine offers a lifetime subscription for $1000. Such a subscription may be a given as a gift to an infant at birth (the parents can read it in those early years), or taken out by an individual for himself.
Even before the metals and manufacturing companies described earlier, U.S. railroads in the nineteenth century were M-form organizations based on geography. Why might a large railroad be better organized as M-form than U-form?
Determine the optimal size of the shopping center (to the nearest 100 square meters) based on existing estimates of the demand for retail space.
jordan is a college student who receives a stipend of 1000 a month. he uses the stipend to pay rent for housing and to
Describe how the choices made between governments’ spending of taxpayer money or taxpayers spending that money themselves, affect the allocation of society’s resources. Give reasons.
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what is likely the single most effective step that a company can take to set ethical standards? choose one answer.a.
given the products below and the events that affect them indicate what happens to demand andor supply and the
firms can operate in one or more markets and not always on the same side of the market. general motors is a buyer in
Give an example of an event that would shift the demand curve for secondary tickets to the Badger football game leftward. Explain your reasoning.
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