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The news-vendor problem is a basic problem in applied economics/operations management whereby one must optimize inventory levels given some uncertain demand and fixed prices. The example below is a simplified example. A news boy purchases papers at 10 cents and sells them at 35 cents. However, he is not allowed to return unsold papers. If his daily demand for papers is known to be uniformly distributed over {1.2,... ,20}. How many papers should he purchase so as to maximize his expected profit?
Determine aggregate private savings, Sp, and government savings, Sg. Is the government running a surplus, a deficit, or a balanced budget?
q1. portland and aleland are two identical countries. beer manufacturers in each country compete under monopolistic
Elucidate before economic growth, there were too few goods, after growth, there is too little time.
Suppose that a security costs $1,500 today. A. Calculate the percentage return on the Security if the payoff to the security in one Year is $1,000, $1,500, $2,000, or $2,500
If demand decreases and supply increases simultaneously then for sure. Which of the following will increase the demand for chicken?
Explain how each change would affect bank reserves, the money supply, interest rates and aggregate demand and how this would help improve the economy.
q.suppose two individuals smith and jones each have 10 hours of labour to devote to producing either ice cream x or
Why are companies using more technology input while reducing labour input. Why are Average Cost Curves U-shaped. Illustrate what is Law of Diminishing Returns.
On October 1, Golshan paid $250,000 for a residential rental property. This purchase price represents $200,000 for the building and $50,000 for the land. Five years later, on June 25, she sold the property for $250,000. Compute the MACRS depreciation..
When economists attempt to predict the spending patterns of U.S. households, they will typically view the ____________ as a primary determining factor that influences the individual consumption choices that each will make.
Which of the following statements is most accurate about feasibility studies?
q1. an industrial breakthrough raises a countrys total factor productivity a by 10. show how this change involves the
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