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Explain whether LP techniques can be used in each of the following economic settings.
a. There are increasing returns to scale in production.
b. The objective function and all constraints are linear, but the number of decision variables exceeds the number of constraints.
c. The firm faces a downward-sloping linear demand curve. (To sell more output, it must lower its price.)
d. The firm can vary the amounts of two basic chemicals in producing a specialty chemical, but, for quality control reasons, the relative proportions of chemicals must be between 40/60 and 60/40.
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market.
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Two of the companies should be more likely to use job costing - write a one paragraph description of the business of the company.
on what does the domestic currency price of a nation's imports depend? what would happen to the domestic-currency price of a nation's imports increases and the nation's currency depreciates?
Those who advocate that the Fed target monetary aggregates, usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic conditions, yet those who advocate interest rate targeting never recomme..
Analyze the balance-of-payment structure and make at least one recommendation for reducing errors and/or omissions. Explain your reasoning for making the recommendation you did.
Analyze the key effects of labor market, insurance market, and competitive market factors on health care delivery requirements at your current or previous organization of employment.
Suppose the dollar-pound rate equals $0.5 per pound. According the purchasing power parity theory, what will happen to the dollar’s exchange rate under each of the following scenarios?
Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in the society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social ..
What factors might these types of stores have in common behind their declines? How would you determine which were important and which were not?
On the basis of the information provided, test whether the slope differs from zero at the 1% level of significance.
What determines the variety of styles, designs, and sizes of different products? Why do you think there are only a few different varieties of toothpicks but lots of different types of napkins on the market?
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