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Vera source Microprocessor Corporation (VMC) sells 2000 specialized computer processing chips each month at a price of $1,500 each. Variable costs amount to $1,500,000, and fixed costs are $500,000. Currently the company has a defect rate of 8 percent (which are chips returned by customers, scrapped by VMC, and replaced). Note that the variable costs include the cost of producing the defective chips. a. What is the hidden cost to the company of making this rate of defectives instead of 2000 good chips each month? b. Suppose a Six Sigma effort can reduce the defects to a six sigma level (assume for simplicity that the defective rate is essentially zero). What is the impact on profitability?
Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how cutting cost can be accomplished? What are some specific examples of how firms have used technology to lower costs?
Based on demand function from previous question, when price of good is $50, how many units of good are demanded.
Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?
Assume a bank faces a required reserve ratio of 5 percent. If a bank has $200,000 millino of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1?
What will happen to the domestic trade balance following a devaluation of the domestic currency? Explain carefully the effects during the pass-through period, and be sure to explain why these effects occur.
Consider the following multiplicative demand function where QD = quantity demanded, P = selling price, and Y = disposable income:
If a competing cinema reduced its prices by 10%, how would you expect this action to affect demand at Crown? How should the cinema determine an optimal ticket price?
q1. if michael has 48 to spend on cola and pretzels what combination should he purchase in order to maximize his
What is the least you would be willing to accept to sell your house? c. Why are the answers to the above two questions different?
q.assume there are 100 identical firms in an initially competitive market. market demand is given by p10-q200 and
For each of the following situations, find the consumer’s optimal bundle. Be sure to show your work. Also, for each case, draw the consumer’s budget constraint, indicate the optimal bundle on the graph, and accurately draw the indifference curve that..
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