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380 labor hours were required to produce the first unit in a production run. 140 labor hours were required to produce the 4^th unit. You base been asked to determine a quote for an order of 4 units. If the labor rate is $25,00 per hour, how much will the labor cost be for this order?
Bribe vs Retirement Collapse What Would You Do? Dale Goodwin stared out the window of his office in Rio de Janeiro and pondered his dilemma. He has been a salesperson with Acme Oil Pumps, Inc., for 35 years. Who is affected? What are the ethical and ..
An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.
An industry consists of three firms with sales of $200,000, $710,000, and $325,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC..
What do you think it resulted in less standing in line by pregnant women. Do you suppose and women became pregnant in prder to cut into the long lines.
The data in the first four columns represent price (P) and quantity demanded (Qd) in time 1 (before change in price) and time 2 (after change in price) for a specific good. Note that results should be expressed in absolute terms. For example, -1..
What can be said about the benefits and problems of each dimension (economic, cultural, political and environmental) of globalization? Is globalization a positive force overall?
Assume an economy without government and without trade. Suppose the Consumption function is given by, whereas I=50. (Remember to show your work)* What is the equilibrium level of income in this case? What is the level of saving in equilibrium?
For each of the following events, describe the effects on the Canadian economy assuming that it is originally in long run equilibrium. For each, explain the short and long run effects in the context of an aggregate supply and aggregate demand diagram..
A forklift can be purchased for $30,000. The market value of the forklift decreases by 20% of the previous year’s value for 2 years, and then by 15% in years 3 through 10. Maintenance is $400 in years 1 and 2, and then jumps to $750 in year 3. After ..
Two ?rm’s produce soda: one with a constant MC=$1.00, and one with a constant MC=$0.50. Demand for soda is given by QD = 100 − .5P. For each of the following models of oligopoly competition below, Find the market price, market quantity, each individu..
q. 1. does the mincer model take unequal access to education into account? discuss the shortfalls of this model in that
Discuss why we need to be concerned with the value of something we did not choose, as opposed to simply stating the value of the item we want to pick. One of the key concepts in economics is opportunity cost, which simply put, is the value we place o..
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