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The X17 self-propelled robot is produced by IntelliToys Pty Ltd. The robots workshop produces 27000 X17 robots per year at 27 % profit. The bill of materials for a robot is as follows: Part Quantity Cost/unit Optical fibre hair 0.012 km 5.2 per km Moving motor/gear assembly 1 0.7 Head/arms motor 1 0.4 Electronic switches 3 0.87 Arms 2 0.43 Lamp assembly 1 0.2 Body 1 0.6 The robots are produced in batches of 900, each taking 22 hours Labour is charged at $ 11 per hour. The overheads for the robots department are $ 57000 per annum and are absorbed on a direct materials basis. Calculate the manufacture cost and the selling price of the X17 robot
Suppose you have the following regression equation where SALES = 100s of cars sold per month, PRICE = average actual price paid by customer for car purchases in month, ADV = monthly advertising expenses, SEPT = dummy variable with value 1 for Sept an..
How would the effects of international trade on the domestic orange market change in the world price of oranges were above the domestic equilibrium? Draw a graph to help explain your answer.
What are the effects of the Saudi Arab trade and import policies on the economy?
The demand for guided rafting trips through the Grand Canyon is given by p = 42 - 5qd.
There is an intimate connection between politics and economics, and different systems of the two can only exist side-by-side in certain pairings. For instance, says Friedman, a society which is (economically) socialist cannot also be (politically) de..
A production process exhibits economies of scale if:
Define the concept of a supply schedule or curve. Show that an increase in supply means a rightward and downward shift of the supply curve. Contrast this with the rightward and upward shift of the demand curve implied by an increase in demand.
A construction company had a gross income of $34,000,000 in tax-year 1, $5,000,000 in salaries, $4,000,000 in wage, $1,000,000 in depreciation expenses, a loan principal payment of $200,000, and a loan interest payment of $210,000. What is the margin..
In the case Discover Bank v. Owens, Owens received a Discover credit card with a limit of $1.900 and charged $1.460. The credit card agreement allowed Discover to add fees and increase her interest rate when Owens paid her bill late or did not pay in..
Submit a database design in which you address the following: Design a relational database containing the following information about Western classical music:
What happens to investment in the long run? How do you know? What will be the long-run effect of this change in saving/investment? That is, what will be the effect on K*/N and Y*/N? Explain and illustrate using the Solow model of chapters 10 and 11. ..
What market structure best describes the structure under which your organization operates? Identify one challenge and one opportunity that arise from this and how the firm might use these for strategic advantage.
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