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Pace Automation Corporation in Cookeville, Tennessee must choose the better economical alternative between the two listed below. If 1,000 units are required per year, which alternative is economically attractive? Assume that the life of the automated
equipment is 5 years.
Alternative Resources Required
A Skilled Operator at $25 per hour; 35 minutes per unit of skilled labor time is required.
B Unskilled operator at $12 per hour plus automated equipment costing
$50,000; 10 minutes of operator time per unit is required.
Suppose that the monopoly can use two part tariff pricing. Find the profit maximizing fee and the price per unit. Calculate the total profit.
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted.
Yesterday you were consuming 4 eggs and 2 strips of bacon. Today you are consuming 3 eggs and 3 strips of bacon. If you have the same taste what might have caused this change Are you better or worse off
As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc.
Assume that the Fed unexpectedly raise the rate of money growth.
Discuss how monetary policy works to help achieve economic goals and discuss how national economies interact with each other to achieve their individual economic goals. (This is a question about foreign trade
Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price.
calculate the long-run equilibrium values of r and p assuming that the potentiallevel of output y is equal to 3500
Prepare a marketing plan proposal to sell the cleaning products in one country located within either of those two regions. You should make sure to answer the following questions in your marketing plan: What alterations might have to be made to the ..
Illustrate which of the following statements are examples of positive economic analysis. Which are examples of normative analysis.
A U.S. company needs to raise €50,000,000. It plans to raise this money by issuing dollar denominated bonds and using a currency swap to convert the dollars to euros. The company expects interest rates in both the United States and the euro zone to f..
Explain how have monetary and fiscal policies affected the prices of the product the petroleum industry produces.
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