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A nation is capable of producing wheat and computers. It cannot produce any wheat if it produces 11 thousand computers. Assuming that it is producing 10 thousand computers and 1 thousand bushels of wheat after fully employing its resources fully and efficiently, estimate and graphically show the marginal rate of transformation if it reduces the production of computers by 2 thousand units in order to increase wheat production by 1 thousand bushels. Under what circumstances will the nation produce 6 thousand computers and 1 thousand bushels of wheat?
In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the const..
Equivalence of moving average and exponentially weighted moving average control charts. Show that if l = 2/(w + 1) for the EWMA control chart, then this chart is equivalent to a w-period moving average control chart in the sense that the control l..
List the ways by which a party to a contract can cause a fraudulent misrepresentation to occur. Give an example for each way that you list. Identify the similarities and the differences between fraud, misrepresentation and mistake.
If a company wants an employee about 14 dollars per hour to produce 60 units per hour plus it provide a base salary of 7 dollars per hour, what should be the incentive rate per hour?
A new machine would cost $18,000, have operating costs of $1,000 in the first year, and have a salvage value of $10,000 at the end of the first year. For the remaining years, operating costs increase each year by 15% over the previous year’s operatin..
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
Suppose the country of Lilliput exported 263 billion dollars worth of goods while they imported 477 billion dollars worth of goods in the last calendar year. Calculate Lilliput\'s balance of trade:_____ billions of dollars.
Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
basil robekins has an idea for a new type of ice cream cone made from candy bars like butterfinger etc.. he thinks his
Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
Calculate the growth rate of nominal GDP between 2011 and 2012? e) Determine the growth rate of real GDP between 2011 and 2012?
Further assume that they are not able to ‘collude' on price and quantity of premium digital channel subscriptions to sell. How much profit will each firm earn when this market reaches Nash equilibrium.
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