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A Korean BBQ restaurant has four workers for washing jobs: Dane, June, Park, and Pola. Each workers eight hours a day and can produce two washing services: Washing rice bowls and washing grill racks. In an hour, Dane can either wash 60 rice bowls or wash 60 grill rack; June can either wash 80 rice bowls or wash 60 grill racks; Park can either wash 70 rice bowls or wash 60 grill racks; and Pola can either was 60 rice bowls or wash 80 grill racks.
Graph the production possibilities frontier over one day for this restaurant. In the graph, you must identify the points where transfer of a worker from one job to another starts to take place, by showing the coordinates of the points. In answering this question, you must take into account the fact that every worker works eight hours a da y.
q.the production department of a firm reported the following information for the month of may 2005.rs. wage bill 20000
You have been contracted by an economic consulting firm to determine the economic structure and possible future actions of OPEC, the Organization of Petroleum Exporting Countries.
In the first-order exponential smoothing model, the new forecast is equal to the old forecast plus a weighting factor (W) times the error in the most recent forecast.
analyze the graphs and briefly describe the similarities and differences between the short and long run operation of each business
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
the government imposes a limit on what producers may charge. cite at least two other ways the consumers may be "paying" for these goods
Smith has been trying to sell his house for six months, but so far, there are no buyers. Sketch the market for Smith's house.
Why the adverse effect on output is larger when the Fed is decreasing money supply than holding it constant.
Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. What is the tax on salvage value?
q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
profits associated with polluting for friedman inc. are pi 40q - 2q2 where q pollution emitted in tons and profits
how does each shrimp producer react to the increase in price? A. Each producer decreases its production of shrimp. B. Each producer increases its production of shrimp.
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