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An autoclaves and sterilizers manufacturer has estimated the manufacturing costs of its new product as follows:
Cost Elements Cost Rate
Direct labor $20 per hour
Material $270 per unit
Overhead costs 110% of direct labor
The company's engineer estimated that the production of the new product has a 88% learning curve applied to labor required, and the time to complete the first unit was 54 labor hours.
Assume the time required to complete the 10th unit and the competitor's price of $2053.44 per unit are used for cost estimation purposes. What is the maximum profit margin for the company to remain competitive?
Do you think the attitudes and bargaining behaviors of the participants in collective bargaining negotiations are more or less important in the final outcome than economic conditions and factors? Why?
What economic considerations must individuals take into account in making the decision to open a business?Coporate Finance
During an episode of hyperinflation, people tend to do which of the following?
A firm believes the sales volume (S) of its product depends on its unit selling price (P) and can be determined from the equation P = $100 - S. The cost (C) of producing the product is $1000 + l0S.
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capt..
George is going to replace his car in 3 years when he graduates, but now he needs a radiator repair. The local shop has a used radiator, which will be guaranteed for 2 years, or they can install a new one, which is "guaranteed for as long as you own ..
q1. suppose your elasticity of demand for your parking lot spaces is -2 and the price is 8 per day. if your mc is zero
Illustrate what effect might economic and socioeconomic forces within that nation have on product's potential.
Suppose you consume nothing but goods X and Y. We have two years.
Suppose the US government requires firms to provide Workers Compensation Insurance Coverage for its employees. How does this mandate affect labor market outcomes (employment and wages) when workers’ valuation of Workers
Discuss the role and the effect of reputation on cooperative behavior by selfish individuals. Discuss the biological reason for cooperative behavior with relatives.
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