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Consider a club where the utility function (incorporating the charge) of a member is U = a + bn -cn2. Find the optimal membership of the club. What is the membership level that maximizes the total utility of the club? Contrast the two levels and explain the difference.
Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.
For the consumer price index (CPI) values shown, calculate the rate of inflation in each year from 1930 to 1933. Year: 1929 1930 1931 1932 1933 CPI: 51.3 50.0 45.6 40.9 38.8
Discuss some of the similarities between the two sets of criticisms.
Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2. If MC is $10, what is the difference in the profit-maximizing price
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20)
Suppose there is a decline in the demand for money. At each output level and interest rate the public now wants to hold lower real balances.
The St. Thomas Winery plans to open a new production facility in the Napa Valley of California. Based on information provided by the accounting department, the company estimates fixed costs of $250,000 per year
Does ethnicity affect educational attainment? In your EAEF data set you will find the following ethnic dummy variables:
Discuss the differences you observe in your answers above between the monopoly and perfectly competitive firm. x-axis 0 8 18 21 30 price and cost per unit y-axis 0 20 33 35 40 quanity.
Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Don has accumulated $48,500 toward his retirement. He is now adding $5000 per year to his retirement fund. The fun..
Discuss the procedures used to test one of these objectives.
Discuss what you believe are the two most important competencies for HR professionals that utilize HR metrics and why, using this week's readings to support your assertions.
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