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A tool and die worker is paid $26.50 per hour. The work year consists of 52 40-hour weeks with overtime schedules for 26 Saturdays. The company allows 8 paid holidays and 10 days of vacation. Four days of sick leave are budgeted and have historically been used. Expected nonchargeable hours are 2%. There is no subsidy for performance. Nonhourly costs include FICA taxes at current rates, workers comp at 2% of regular wages up to $20,000, an accident insurance sum of $600, a major supplemental medical plan for $300, and unemployment insurance of $800. Find the effective gross hourly cost.
Consider an auction with 1,000 risk-neutral bidders. It is know that these bidders have affiliated values. Based on this information we know the expected revenues for the different auction types will be
In January of 2007 online movie rental service Netflix introduced a new feature to allow customers to watch movies and television series on their personal computers. Netflix competed with many video rental retailers, which added online rental service..
Use the dynamics of Aggregate Demand and Aggregate Supply Model: What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this crisis? What role did the commercial and investment banks play..
The U.S. Commercial Service prepares reports known as the Country Commercial Guide for countries of interest to U.S. investors. Utilize the Country Commercial Guide for Brazil to gather information on this country's energy and mining industry. Consid..
A house painting business had revenues of $17,600 and expenses of $10,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
What is the output of each firm if they collude to produce the monopoly output? What profit does each firm earn with such collusion.
Evaluate the decision-making process and its effect within the context of increased competition for health care dollars. Assess the wide range of challenging issues that you perceive will over the next five years affect NURSING HOMES.
In an effort to bring inflation down they had set interest rates at 5% in 2018. How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal? (Hint: maintain plenty of decimal places.)
If the company installs new equipment, FC rise to $2000 and AVC drops to $2.25, what is the break-even point and at what production level should the company switch from the old machine to the new?
Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. As you are analyzing the data, apply econometrics methods (linear regressio..
Diseconomies of scale exist over the range of output for which the long-run average cost curve is: If a monopolist finds that at the present level of output marginal revenue exceeds marginal cost, the firm should:
In a purely competitive industry
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