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Q. If 10,000 mallets are selected at random, how many are expected to not meet customer specification?
Q. A firm produces handbags using three workers. On Tuesday, Jane completed 60 bags in 6 hours, Ron completed 50 bags in 7 hours, and Mary completed 80 bags in 5 hours. What was overall productivity of firm?
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.
Now suppose that management believes the probability of weak demand in 2009 is 25% and the probability of strong demand is 75%. Using mean-variance analysis, explain which level of output should be chosen.
Find the equation of the dominant firm's derived-demand function
Prove which at the revenue-maximizing quantity, cost elasticity of demand equals one.
Explain how will La Nina affect the price of Chilean wine. Assuming LaNina does not impact the California wine producing region, how will La Nina impact the market for Californian wine.
What is the average fixed cost of producing 4 units of output and What is the marginal cost of producing the third unit of output.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
here are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Elucidate in economic terms..
compute the average cost function for skateboards. what shape does the graph of this function have. What is the average at this level of output.
Discuss salary determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
they each printed the other's currency, with the intention of dropping large quantities by airplane. explain why might this have been an effective weapon.
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