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An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job time. Find the standard time for this operation.
Why will resources specialize according to their comparative advantages. Explain why will this specialization increase production.
You are a recent University graduate hired to make a Human Resource section and serve as the HR Director for the SMC Company, which manufactures ergonomic office equipment.
Please elucidate the likely effects on Savings (Gross Private Domestic) Investment, Long Term Real Interest Rates, The Capital Stock, Natural RGDP.
The growth rate of population in Country A is greater than in Country B. According to the Solow model, which country should have a higher growth rate of output per worker?
Write the equations for the IS and LM schedules. Find the equilibrium values for Y and r. Now assume the same figures as above but with a completely interest inelastic Investment (I). Write the new equations for the IS and LM schedules. Find the new ..
Suppose the following equations discuss a hypothetical economy where both the price level and interest rates are fixed.
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.
How does N, the number of firms in the market, affect each firms demand curve? Why. b. How many units does each firm produce? (The answer to this and the next two questions depend on N.) c. What price does each firm charge? d. How much profit does ea..
Illustrate what would be the impact on labor and capital markets of such a shift in tax policy. What is the likely differential incidence of substituting a payroll tax for an equal-yield corporate income tax.
The table below contains data from the Bureau of Economic Analysis (BEA) on real GDP in the United States for 1980 to 1984. During this period, the United States experienced economic fluctuations (one recession and periods of economic growth).
You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.
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