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A leather shop makes custom-designed hand tooled briefcases and luggage. The shop Make $400 profit from each briefcase and $200 profit for each luggage. The shop has a contract to provide up to a total of 30 products to a store per month. A tannery supplies the shop with at leas 80 square meters of leather per month. The shop must purchase at least this amount but can order more. Each briefcase requires 2 square metres of leather, each luggage requires 8 square meters of leather. From past performance, the shop owners know they cannot make more than 20 briefcases per month.
Formulate a LP model to help shop maximize profit.
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
Illustrate what most people do not realize is that what the Fed is actually doing is changing money supply (and not interest rates directly). When money supply changes, interest rates automatically adjust to keep the money market in equilibrium.
Develop a 400 WORD (Note - the word count does not include your title page or references page.) analysis of the international economy of SAUDI ARABIA in which you do the following:
To the right is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approa..
Using the information below about individuals and their willingness to pay for a bottle of ginger ale, calculate the total consumer surplus at a market price of $5. Maximum amount a buyer would pay for ginger ale
Economics 102: Macroeconomic Theory Optional Assignment. Solve for the optimal decisions of how much to consume and how much capital to leave to the next agent as a function of prices. Solve for the optimal decisions of how much capital to hire and h..
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
a) Write down the expression for a country's real exchange rate in terms of the nominal exchange rate and aggregate price levels, defining your notation carefully. What does a country's real exchange rate measure?
Determine what are some of the sources companies can turn to for venture capital funding?
1. A wholesale distributor stocks and sells low flow toilets to contractors for use in commercial office buildings. The estimated annual demand for the toilets is 5,475 units. The estimated average demand per day is 15 units. The purchase cost ..
Suppose you produce one more pair at a marginal cost of $20. If you do produce that fifth pair of shoe, what will your average total cost be. has your average total cost increased or decrease. why.
Which of the following is a nonprice barrier of entry? A third degree price discrimination can be applied to which of the followingmarket structures? Investing in R&D is more likely to occur in markets where?
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