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Suppose there are two countries of equal size, Northampton and Southampton. Both countries both produce and consume two goods: food and clothes. If both countries used all their resources to produce only food, Northampton would produce 50 tons while Southampton would produce 400 tons. If both countries used all their resources to produce only clothes, Northampton would produce 100 tons while Southampton would produce 200 tons. According to Ricardo’s theory of comparative advantage, what should these countries do in order to maximize their own ability to consume clothes and food? Should they specialize in any one product? Should they trade with each other?
You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles of sand and stone aggregates and wait in line to enter the station
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With marketers increasingly adopting more and more refined market segmentations schemes fueled by the Internet and other customization efforts, some critics claim that mass marketing is dead. Others counter that there will always be room for large br..
12 slides 100 words of speaker notes per slide- please be original. in preparation for your overall logistics white
Internal controls are one of the most important factors in the deterrence and prevention/detection of fraud. Provide an example of how internal controls impact the perception of detection.
demand for a popular athletic shoe is nearly constant at 800 pairs per week for a regional division of a national
What is the sequence of steps that should occur before you are hired for a full-time position ?
The weekly requirement of a part is 950 units. The order cost is $85 per order, the holding cost is $56 per unit per year, and the part cost is $850 per unit. The firm operates twelve months per year. Compute the (a) EOQ, (b) annual holding cost, (c)..
Explain the different types of costs related to inventory planning. Explain the trade-offs involved in the economic order quantity. How do these change when quantity discounts are considered?
Mama's Stuffin' is a popular food item during the fall and winter months, but it is marginal in the spring and summer. Use the following demand forecasts and costs to determine which of the following production planning strategies is best for Mama..
What are the long-run macroeconomic goals? What is long-run macroeconomic equilibrium? How the goals are relate to the macroeconomic equilibrium? Suppose that consumers and investors become pessimistic about the future health of the economy. What wil..
fleet skills test can be accomplished on a driving range or in actual traffic conditions. give at least one advantage
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