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Volvo A.B., the Swedish auto rm, operated a car assembly plant at Uddevalla in 1988. The idea was to have a small team of highly skilled workers build an entire car. According to the pro- ponents, this would reduce the tedium associated with the conventional assembly line and cut ab- senteeism and turnover among workers. In 1991 there were reports that it took 50 hours of labor to assemble a car at Uddevalla, in contrast to 25 hours at Volvo's conventional assembly plant at Ghent, Belgium. a. If you were Volvo's chief executive o cer, what questions would you ask Uddevalla's managers, and what steps would you take?
He is going to travel the world this summer and won't be working. How much must be set aside in his savings account for the 3-month summer to cover his rent for next year? The savings account earns 3% with monthly compounding.
The price of equipment is 25,000 today. Determine the price of the equipment 3 years from now, if deflation rate is 2% in the first year and inflation rate is 1% in the second year and 4% for the third years
Assume a large world economy with several countries. There is a good that can be produced domestically by every country in the absence of trade. Suppose Country 1 has the following demand and supply curves for this good: D1= 28-2P and S1= 2P-4. By ho..
“Economic profits result whenever only a few large competitors are active in a given market.” Discuss this statement using an example for illustration. Response is due not later than midnight October 23.
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why? Do you consider your loc..
Assume that The United States passes a law that allows an additional 1 million persons to immigrate to the United States each year. Discuss the effects that this will have on the Production Posibilities Fromtier. (identify at least 3 effects)
Assume the required reserve ratio equals 12%. Find the maximum deposit expansion using the deposit multiplier formula. State what happens to the a) excess reserve to deposit ratio, b) bank loans to the public, and c) the money supply. State what happ..
Why do Caterpillar and your parents have different opinions about the value of the dollar.
The demand curve for two liter bottles of soda is given by QD=4000-300P, and the supply curve is given by QS=1300P. In an effort to reduce soda consumption, the government has placed a tax of $4 per two-liter bottle that is added to the consumer’s bi..
Ahmed Mustafa just turned 22 and wants to have $10,283 saved in 8 years by his 30th birthday. Assuming no additional deposits, if he currently has $6,000 in an intermediate-term bond fund earning 5%, how much will Ahmed have on his 30th birthday? Rou..
In the area of National Supremacy the Supreme Court:
A company owns a 8-year old gear hobber that has a book value of $62,000. The present market value of the hobber is $86,000. A new gear hobber can be purchased for $465,000. Using an outsider’s point of view, what is the net first cost of purchasing ..
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