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"Developing a More Agile Approach" Please respond to the following:
Suppose that a particular industrial machine, when it is t years old, generates revenue at the rate R′(t)=7975−6t^2 dollars per year and that operating and servicing costs accumulate at the rate C′(t)=3400+20t^2 dollars per year. Compute the net prof..
A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on nationalit..
The tax on cigarettes in New York City is the highest in the nation- $5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effect of this tax?
If a consumer goes to buy an entertainment center at Best Buy for $2,000 and the mpc is .80, what will be the effect on the economy? What if the mpc really turns out to be .75? Why is there such a difference?
How are market structures characterized? How are monopolistic competition able to achieve market power? Monopolistically competitive firms can earn positive economic profits in the short run, but in the long run:
Robert and Deborah Philabaun owned Philabaun's Hidden Cove Resort. When about to undergo surgery for lung cancer, Robert handwrote a document titled "Agreement", which only he signed. The document state that in case he did not survive his surgery, Ro..
A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
Census data indicate that, as of 2008, the top fifth of all households receive about ________ times as much income as the bottom fifth
Consumers are uniformly distributed along a linear city of length 1 (assume, for simplicity, U[0, 1]), have transportation costs t per unit of distance, and have unit demands. Except for their location, they are identical and have surplus s for the g..
What is the externality associated with an individual driving on a congested highway? How do tolls help alleviate this externality? How should tolls be set? (Hint: Would you always want the toll to be the same all day?)
As the manager of a professional football team, you just offered the kicker a two-year contract that pays $2 million per year. The kicker refuses the contract, stating he wants $3 million this year. If you offer $3 million this year, about how much w..
Identify the most common ethical issues that may arise in the international business setting. Explain the root cause of these issues. Discuss how managers of international firms should address these issues.
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