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The structural engineering design section within the engineering department of a regional electrical utility corporation has developed several standard designs for a group of similar transmission line towers. The detailed design for each tower is based on one of the standard designs. A transmission project involving 50 towers has been approved. The estimated number is engineering hours needed to accomplish the first detailed tower design is 126. Assuming a 95% learning curve, what is your estimate of the number of engineering hours needed to design the eighth tower?
What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why?
a change in environmental regulation has dramatically raised the price of a substitute chemical that indirectly competes with T3MP. This change undermines the market for the substitute, which is about twice the size of the market for T3MP.
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Jim Vendors is viewing about manufacturing a new type of electric razor for men. If advertise were favorable, he would get a return of $100,000.
Illustrate what does this mean for the survival of small firms in the industry.
q1. dominant price leadership exists when the dominant firm establishes the price at the quantity where its mr mc and
Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model. Currently, the prices of manufactured and agricultural outputs are $5 and $1, respectively;
Can Economic Analysis be used as a tool to discover truth and to assist in solution of concrete/major problems in an organization. How.
Suppose that you own a golf course that is part of a Florida resort. You primarily serve two groups of people: local residents and tourists. Devise a price discrimination strategy that will increase your revenues compared to a single-pricing strategy..
Assume that all other banks hold only the required amount of reserves.
An investor buys a 4.5% 20-year bond with a face value of $10000 for $11386.05. If the purchaser holds the bond to maturity, what is the effective annual ROR compounded semi-annually?
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil. Explain, using economic terms, why this is so.
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