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Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Gray stone and the Lava models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 8 skilled workers, each of whom works 9.25 hours per day. The finishing department has 5 workers, each of whom works a 6-hour shift per day. Each pair of Gray stone surfboards requires 2.5 labor hours in the fabrication department and 2 labor hours in finishing. The Lava model requires 4.2 labor-hours in fabrication and 3.6 labor-hours in finishing. The company operates 6 days a week. It makes a per unit profit of $40 on the Gray stone model and $60 on the Lava model. What is the total profit generated and the value of slack obtained from the answer report?
The marginal cost of the In Focus division for making the lenses is given by the equation MCl = 0.30 + 0.0004Ql. Each camera requires one lens. How many cameras will Camco produce and what price will be charged for each?
Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utile. However, when the professor clarifies the concept, each ..
If it wants to accomplish this change in the money supply using open-market operations, what should it do.
Describe what happens after the technological change. What happens to the wage in the long run? What happens to the population size in the long run?
Laptops have also become easier also cheaper to produce as latest technology has come online.
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
Suppose that demand for rollerblades is given by D(p) = A ? p. The cost function for all firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is MC(y) = 2wy. Assume that the industry is perfectly competitive. Find..
For several months before your vacation trip to Germany you find out the exchange rate for the peso has increased relative to the euro.
Explain the origin of the Human Development Index. Explain the method of calculating Human Development Index.
Suppose Noah and Naomi's short-run weekly production function for garden benches is F(L)=0.4L. Where L represents the number of hours of labor employed. The wage rate is $10 an hour. What is their short-run cost function?
suppose that the demand and supply functions for good x are as followsqd 75 .004m - 4pqs -43 - .4pi 3pa. is this
64.q1. in relation to itunes music store further variable pricing elucidate what are some other potential pricing
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