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Bata Aerobics manufactures two models of steppers used for aerobic exercises. Manufacturing each luxury model requires 10 lb of plastic and 10 min of labor. Manufacturing each standard model requires 16 lb of plastic and 8 min of labor. The profit for each luxury model is $40, and the profit for each standard model is $30. If 6000 lb of plastic and 60 labor-hours are available for the production of the steppers per day, how many steppers of each model should Bata produce each day to maximize its profit?
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Susan advertised a nice painting that Sally wanted to buy. Sally contacted Susan and offered her $2,750 for the painting. Susan emailed Sally that she accepted the offer. Sally responded that she would be at Susan's home by noon the next day with the..
Determine the extent to which the supply and demand of your chosen product or service are sensitive to changes in price by applying the concept of elasticity. In other words, what is the price elasticity of supply or demand for your product or servi..
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What are the differences in ethical considerations between a company that employees more technology than another? (That is, what are additional ethical considerations as the amount of technology an organization uses increases?)
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