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a. Consider the problem of satisfying the demand for number 2 pencils faced by the campus store mentioned in problem number.
b. Re-solve the problem, substituting a Type 2 service level criterion of 95 percent for the stock-out cost. Assume that Q is given by the EOQ.
Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
Assume that the salary of MBAs was normally distributed. If the mean salary of a MBA was $100K with a standard deviation of $10K. What is the probability that a MBA makes less that $70K or more than $130K?
q1. suppose a firm in each of the two markets listed below were to increase its price by 30 percent. in which pair
A mutual stock fund has grown at a rate of 16% compounded annually since its beginning. If it is anticipated that it will continue to grow at this rate, how much must be invested every year so that $60,000 will be accumulated at the end of 12 year?
It is customary for the News media to report about consumer confidence and investor confidence while discussing the national economy. How do you think the confidence of the economic agents affect the economy? From personal or work experience, state f..
q1. mexico does not have an absolute advantage in producing sugar over all of the other sugar producing countries. does
In the argument for why perfect competition is allocatively efficient, the price that people are willing to pay represents the gains to society and the marginal cost to the firm represents the costs to society. Can you think of some social costs or i..
Suppose the demand curve for a product is given as Q = 10 – 2P + Po where P is the price of the product, Po is the price of another good, and Q is the quantity demanded. Assume the price of the other good is $2.00. a. Suppose P = $1.00. What is the p..
What variable adjusts to make the quantity of money held equal to money supplied?
Oranges are the only good produced in the US and Spain. 1 ton of oranges cost $310 in the US, and 200 Euros in Spain. The nominal exchange rate is $1.55 per euro. Calculate the real exchange rate (E) from the US's perspective. Intuitively, what does ..
Total revenue is calculated as the quantity of a good or service sold multiplied by its market price. Thus, it is a measure of how much money a company makes from selling its product. The core objective of a firm is maximizing profit.
Considering that the beekeeper gets that amount, what range of payments will the farmer admit.
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