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You make decorative stones for landscaping. A ton of coarse stones requires 2 hours of crushing, 5 hours of sifting, and 8 hours of drying. A ton of fine stones requires 6 hours of crushing, 3 hours of sifting, and 2 hours of drying. The coarse stones sell for $400 per ton. The fine stones sell for $500 per ton. In a work week your plant is capable of 36 hours of crushing, 30 hours of sifting, and 40 hours of drying. How many tons of each stone should you produce to maximize revenue?
Suppose you make equal quarterly deposit of $2,500 into a fund that pays interest at a rate of 8% per year compounded monthly. Find the balance at the end of year 2. Please provide formula or excel function?
The international parcel service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered.
B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.
Each camera requires one lens. Explain how many cameras will Cam co produce also Illustrate what price will be charged for each.
Suppose the marginal cost of solving the global warming problem and the marginal benefit of doing so are listed below. How many degrees of temperature to be reduced are best for society to implement? Explain why?
Two investors have each deposited $100 million in a bank. The bank has invested these deposits in a long-term project. If the bank is forced to liquidate the investment before the project matures, a total of $160 million can be recovered. How many pr..
During recent years, Microchips Corp. has enjoyed substantial economic profits derived from patents covering a wide range of inventions and innovations for microprocessors used in high-performance desktop computers. Calculate the profit-maximizing pr..
Illustrate what happens to aggregate output and the price level in each case.
Please apply demand and supply analysis to answer the following questions related to the U.S. real estate market: What is the impact on residential real estate market after the Fed stopped QE3 (buying bonds monthly from banks) in 2014? Please state t..
Susan received news from her boss that she has been given a raise in incomes from $20/ hour to $25/ hour for her 40 hour week job, effective immediately. Over the next week her purchase of wine increased from 4 bottles to 6 bottles. Compute her incom..
Joe and Mary can each produce salads and smoothies. He can make 6 smoothies per hour or 30 salads per hour. She can make 30 smoothies per hour or 30 salads per hour. Make a graph with salads per hour on the vertical axis and smoothies per hour on the..
DL = SL in a perfectly competitive input industry or for an imperfectly competitive input industry that hires heterogeneous labor (or practices wage discrimination) but not for an imperfectly competitive input industry that hires homogeneous labor (o..
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