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A dairy cooperative wants to improve employee morale and implements a survey to its milk truck drivers on the preferred routes that each would like to drive. Suppose there are five drivers and five routes, and that the drivers have indicated the following preferences for each route on a scale of 1-5 with 1 being their first choice and 5 being their last choice:
Driver
Route 1
Route 2
Route 3
Route 4
Route 5
1
2
3
4
5
Formulate this as an assignment problem that minimizes the sum of the numeric pref- erences of all drivers.
A random sample of 12 lunch orders at Noodles and Company showed a mean bill of $12.99 with a standard deviation of $4.6. Find the 98 percent confidence interval for the mean bill of all lunch orders. (Round your answers to 4 decimal places.) The 98%..
A monopolist is maximizing profit at an output rate of 1,000 units per month. At this output rate, the price that its customers are willing and able to pay is $8 per unit, average total cost is $5 per unit, and marginal cost is $6 per unit. It may..
Inside the corporation there are ...... systems that motivate individuals and teams to make the most efficient decisions over product lines.A job in sales - such as a sales representative for an agricultural chemical company usually represents
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
Explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
Sketch the indifference curves and show where the "corners" are. If the prices or x and y are P_x = 5 and P_y = 1, respectively
Draw the decision tree for this problem without the probability values and compute the revised probabilities needed to complete the decision, and place these values in the decision tree.
Why is mutual interdependence important under oligopoly, but not so important under perfect competition, monopoly or monopolistic competition?
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia and what is Thorpe's marginal cost of GPA? Show and explain how his MC curve is derived.
In order to bring about a socially desirable quantity of landscaping service, what should the government do? Explain in words and show the effect of the government action in a graph.
A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation has a state taxable income of $150,000, what is the total state and federal income tax it must pay? Also, compute its combined incremental state a..
alex fiani corporation produces egg cartons that are sold to egg distributors. alex fiani corporation has estimated
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