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1. A toy manufacturing company has a capacity of 500,000 units annually. The fixed cost of the production line is $400,000 per year with a variable cost of $6 per unit and revenues of $9 per unit. The percentage of capacity that must be utilized for the company to breakdown is closest to
2. A specified part can be obtained by either of two methods. Method 1 will have fixed costs of $75,000 per year and a variable cost of $25 per unit. Method 2 will have fixed costs of $90,000 per year and a variable cost of $17 per unit. The number of units that must be produced each year for the two methods to be equally attractive is closest to:
3. Fixed costs for manufacturing a certain product are $100,000 per year. Variable costs are $25 per unit. The product can be purchased from another manufacturer for a flat rate of $48 per unit. The number of units that must be used each year in order for the manufacture and purchase alternatives to breakeven is closest to
4. What are the methods or basic concepts of describing project risk? Explain the definitions and brief ideas of each method (The answer should be between 150-200 words).
5. Why should sensitivity analysis be considered in engineering economic analysis? And what are examples of variables (or parameters) that can have effect on the NPW of variation? (The answer should be between 150-200 words).
According to the table above, if the wage rate is $500 and the price of output is $5, how many workers should the company hire?
Examine how trade in goods and services has evolved over time. Is the country becoming more or less competitive in world markets?
2. (4 points) Using the perfectly competitive labor demand and labor supply model,what would happen, all else equal, to the real wage and the number of workers in each of the cases below:A. There is an increase in the amount of physical capital as a ..
The aspects of your decision-making process fit the description of a rational choice.Did you consider costs and benefits.
What are the economic theories of opportunity cost, supply and demand of a resale store or non-profit organization?
consider the following demand schedule for movie ticketsprice nbsp nbsp nbsp nbsp nbspnbsp quantity demanded
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF (QF) = 6,000QF. a. What is the follower's reaction function
Assume that demand for labor by firms is given through L=1000-100W and the supply of labor from workers is given by L=-400+100W, where L represents the number of workers and W is the wage in this labor market.
1. discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the
You have been hired to work with a resort owner in Northern Minnesota. This resort owner runs a very small operation catering to mostly people who like to fish.
jen likes only chocolate and economics textbooks. her demand functions for chocolate and textbooks are given byqc m pc
Carl paid $40,000 to the City of Hollywood for general revenue bonds. During the current year, he receives $2,300 interest income from the bonds. Market interest rates drop causing the value of the bonds to increase so Carl sells the bonds for $43,00..
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