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A bullock cart can travel at the rate of 4 kmph for the first two hours of a trip. After the firsttwo hours, the bullock cart's speed drops to 3 kmph. How many hours will it take thebullock cart to travel 20 km?
a) 5
b) 214
c) 315
d) 21
She estimates that the total cost of operating the office is approximately $48,000 per year. The potential revenue is estimated as $100,000 per year. Compute accounting cost, accounting profit, conomic cost, and economic profit.
Discuss whether economic theory and the available empirical evidence justifies high executive compensation.
Suppose you mange a firm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2
The consumer's utility function is U(x, y) = 3x + 2y. Let Px = 2, I = 12. (a) If price Py is too high, the consumer will not want to purchase any y. Find the lowest price Py at which the consumer ceases to purchase y.
The total number of movie projections, M, is the sum of the number paid for by each of the two persons: M = MS + ML. Spielberg and Lucas both have income of 70, and the price of both the private good and a movie projection is 1. They are limited, ..
Because WalMart has never systematically raised prices, there is no evidence that WalMart is engaged in:
suppose a cost minimizing firm wishes to change its scale of production and needs to know the combination of labor and capital to employ. If the firms total cost outlay is $14, find this combination using the information
The Columbia Company manufactures a battery-powered saw. Due to increased demand during the past few years, Columbia has increased plant capacity for the saw to 300,000 units. The firm's expected output and sales for the next year in their normal..
The new mayor has pledged to reduce air pollution, and the only source of air pollution in the city are two cement plants, plant A and plant B. 25 years ago, when plant A was constructed, the cement production techn..
what are the highest and lowest payments from the writer that the beekeeper- farmer team will accept for the sixth day. Assuming that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept.
Macromedia is a relatively new company that offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the activity that the instructor is presenting. To introduce themselves to ..
a packaging company needs to know the rate of return on a process which will cost 60000 have an income of 25000 per
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