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A night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its low-priced products. The component can be purchased at a variable wholesale price of P=1200+50y where y is the number of items. Alternatively, the component can be produced with a direct material cost of $17 per item, and direct labor cost of $38 per item. The manufacturing overhead is allocated at 150% of direct labor cost per item. How much will it cost to purchase the component if the company requires on average 159 items each year?
In this model of society no capital and no wage labor. The commodities are valued based on hours of labor that needed for the production.Based the above the only input that used to find the cost of a commodity is labor.
Explain why does the minimum salary seem to have the greatest impact on teenagers.
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: The effective monthly interest rate
Illustrate the potential problems of economic transition from a planned economy to a competitive free-market economy.
He define you that the report will be handed out to the staff prior to the staff meeting next week and that it should outline the various forms of market structure.
What is the quantity produced if L = 1,000 and K = 100? Image text transcribed for accessibility: A firm that manufactures office desks has the following production function in the short run: Q = 400 L0.8 K0.5 where Q = the quantity of chairs prod..
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in ..
Suppose Cypress River estimates a linear trend without accounting for this seasonal variation. What effect would this omission have on the estimated sales trend?
How would the aggregate supply curve be affected if the government mandated that all companies of over 50 employees must provide an increased level of health care benefits?
If the MAAR is 12 percent, compute the value of X that makes the two alternatives equally desirable.
Discuss briefly what you think the way in which the HDI is constructed. (Briefly means no more than five lines of text. Excesses are severely penalised.)
For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality in the d..
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