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An organisation department manufactures three types of products with varying annual demands using a large contemporary machine. Product A has an annual demand of 300 units; Product B has an annual demand of 500 units; Product C has an annual demand of 600 units. The department works 8 hours per day, 300 days a year. Each unit of Product A and Product B has an average processing time of 2 hours each. The processing time for Product C is 3 hours per unit.
What is the required number of machines to handle the required volume?
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Foreign Direct Investment (FDI) occurs when a firm invests directly in facilities to produce or market a product in a foreign country. (A) Explain the major types of Foreign Direct Investments with examples. (B) What are the benefits and the costs of..
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Consider two identical firms (A and B) that face the following linear market demand curve and marginal cost: Calculate the Cournot equilibrium quantity per firm and price in this market. What is the distinguishing characteristic of oligopoly in relat..
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