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The just-in-time inventory system is designed to reduce the inventory period. In essence, companies pay their suppliers to carry the inventory for them. Reducing the inventory period reduces the operating cycle and thus the cash cycle. This reduces the need for financing. Consider what type of cost is being minimized and what costs are likely to increase. Please, explain
Suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
Show graphically and explain why the imposition of a minimum wage results in both winner and losers in the labor market. On your graph identify the gains to the winners and the losses to the losers.
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
q. suppose the inverse demand function for an industry is p 9 - q20. the cost function for the industry is c 10 10q
Your job as assistant manager is to identify which farms will supply each market in order to minimize the transportation costs - However there are many other variables at play in your decision that you must go out and identify or estimate.
q1. explain how do you calculate the cost index using the nominal gdp to get the real gdp in billionsq2. the ncaa
Suppose there are 8 firms located equidistantly around a circle whose circumference is equal to 1. There are 400 consumers distributed uniformly around the circle. Each consumer gets utility U = 3.5 from buying a unit of the good from a firm which se..
Explain how these surveys help you understand what your collected data should look like (range of expected values).
Why is it not surprising to find that in an oligopoly, which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixin
q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
Suppose which equilibrium income is 3200 also the multiplier is 2.38. Equilibrium income would rise to 3400 if planned investment.
How do you use the cost minimization factor come up with $16 for the price of land for the below question: You run a small farm. You employ workers, you rent land and you rent capital in order to grow the produce. If marginal product per dollar of ca..
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