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Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates that defects constitute 10% of the lumber pile. A recent analysis of the defect lumber pile showed that 30% came from Northern Hardwoods and 50% came from Mountain Top. Analysis of the clear pile indicates that40% came from Northern and 40% came from Spring Valley. What is the percent of clear lumber from each of the three suppliers? What is the percent of lumber from each of the three supplier
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
q1. in may 2011 the average price of gasoline in the united states was 3.76 per gallon and consumers bought 5 percent
Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates. How can the People’s Bank of China (China’s central bank) maintain the pegged exchange rate? Is the B..
Test scores for a history class a normally distributed with a mean of 86 and a stanard deviation of 6. Find the Zscore for sam, who scored 60 on the test
A monopolists average revenue function is AR(Q) = 20−30Q and his total cost function is C(Q) = 20Q2. Find: His total revenue function. His profit-maximizing output level and maximum profit.
What is the break-even probability of collection?
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
Erin makes 800 items a day. Each day she spends 8 hours producing those items. If hired elsewhere she could have earned $300 an hour. The item sells for $20 each. Production occurs seven days a week. If the explicit costs total $200,000 per month,..
FORUM: Please respond to this thread with about 3 paragraohs, thank you! Here, in this forum, I expect you to talk about issues related to exchange rates - their impact on national economies when they change, their different equilibrium concepts (PPP..
What is the semi-annual yield of a zero-coupon bond, which costs $500 today, pays no coupon during its life, compounds semi-annually, and then pays $1,000.
The Rule of 70 applies in any growth rate application. Let’s say you have $1000 in savings and you have three alternatives for investing these funds.
If the reserve requirement for a bank is 10% and the Federal Reserve buys $100M more in bonds, will the money supply increase or decrease
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