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The Emerson Corporation, a manufacturer of airplane landing gear equipment, is trying to develop a learning curve model to help forecast labor costs for successive units of one of its products. From past data, the firm knows that labor costs of the 25th, 75th, and 125th units were $800, $600, and $500, respectively. Using the learning curve equation for these labor costs, log C = 3.30755 - 0.28724 log Q, calculate the estimated cost of the 200th unit of output. What is the percentage of learning at Emerson?'
If this household wants to purchase food and nonfood items in the same proportion as in part (b), what is the household's new bundle in part (c)?
(GDP and Depreciation)What is gross about gross domestic product? Could an economy enjoy a constant-or growing-GDP while not replacing worn-out capital?
Blockbuster Movie Rentals has market power in the previously viewed video sales market. The demand curve for blockbuster movies is QD = 10 - 0.4P -> P = 25 - 2.5Q. Blockbusters marginal revenue function is MR(Q) = 25 - 5Q.
You enroll in a thrift plan in which you are allowed to contribute 8% of your pretax salary per year. The company contributes an additional 6%. Your starting salary is $62,500 and you can expect annual increases of 3.5%.
the minimum wage in this market is $8, what is the impact on the market? Who are the winners and losers of the minimum wage? Draw a graph and mark the areas to show the impact of the minimum wage.
In regard to your chosen aspect of diversity, identify and evaluate the relevant laws or programs that have either helped or restricted access to care and support.
Calculate the tax revenue generated, and also the deadweight loss.
You have worked as a real estate agent for 10 years and are earning about $100,000 per year with your current agency. You prepared the following information to use in evaluating the financial feasibility of starting your own agency.
What are at least three factors that shift the short-run aggregate supply curve? What about the long-run aggregate supply curve?
In what form is capital income paid when businesses own capital?
A discounted note of face value amount X, due in one half year, is valued today at $4992. Find X using a) Compound interest at an effective annual rate of 8% and b) simple interest at an annual rate of 8%. Which results with a higher value of X
Discuss why the concept of a primary deficit may or may not be useful or relevant.
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