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Q. A company designs websites for clients. Much of the work is done in-house, but it finds that it must subcontract (i.e., outsource) some work. It charges clients $2500 to build a typical website. While it costs $1000 to design a website in-house, the company pays $1500 for each website. In one month, the company would like to design at least 200 websites total (in-house + outsource), with no more than 100 websites of them sub-contracted. It takes approximately 40 hours to design a website in-house and approximately 20 hours to supervise a website outsourced. Capacity information: Each worker at the averages 12-hour workdays. During the month, there are 26 workdays. The company has 15 workers. Determine the number of sites designed in-house and outsourced to minimize cost while meeting all necessary constraints. Give the LP Model and use both the graphical method and Excel to find the optimal solution.
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
In your opinion, are the resources you devote to your education a form of consumption or a form of investment.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Prices the selling monopoly charges for TV sets in periods 1 and 2.
While the population variances are unknown, we will assume they are equal.
Compare the effects of these two policies in terms of their implications for the current account.
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