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1. You run a game day shuttle service for parking services for the local ball club. Your costs for different customer loads are 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. What are your marginal costs for each customer load level? If you are compensated $10 per ride, what customer load would you want?
2. A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 100,000 pages per day. One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
What is the probability that a stock chosen at random has a return of greater than 17%? (please round your answer to 4 decimal places)
Susan switches from going to Speedy Lube for an oil change to changing oil in her own car herself. Which of the following is correct?
A professional baseball player signs a contract for $165 million to play with a team for 7 years. He and his team agree that the contract will be spread out
In 2013-2014, the nation was struggling with a persistent high level of unemployment, low rates of economic growth, and high federal budget deficits.
How does the UN Brundtland Report of 1987 define sustainability?
The bottom 20% or the middle 20% of families is a static group. Business solutions e.g. offshoring labor, may make sense at the individual company level but not at the aggregate national level. Cicero wrote that good government was when the governors..
Rexall Industries is planning to expand sales of its line of drilling machines to the mid-west. We hoped one of our existing salespeople would be willing to take over the new territory. However, they have all turned it down. So, we’re going to have t..
To counter parents' concerns about fast foods and childhood obesity, McDonalds considered: Domestic currency depreciation will:
Suppose the MCs for the following two tennis ball suppliers: MC1=3+0.5Qs, MC2=5+0.5Qs. Drive and graph the aggregate supply curve. If the price of the product is $4 per unit, can each of these producers stay in business?If yes, how much will each pro..
A firm has a production function (products of the whole year) given by q = 500 LK . Wage is $40,000 per year and capital rental rate is $90,000 per year. Find the best way to produce 6000 products in a year. What is the total cost to produce? b. Fin..
Suppose that the equilibrium real federal funds rate is at 4% and the target rate of inflation is 1 percent. Use the following information and the Taylor rule to calculate the federal funds rate target:
find a transformation of the data to be able to use the same data to estimate a model that satisfies the Gauss-Markov assumptions. be clear and explicit about the process. clearly explain why the transformed model meets the Gauss-markov assumptio..
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