Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm-Tile King. Ajax produces a multi-headed tunnel wall scrubber that is very similar to a model produced by Tile King. Ajax has decided to charge the same price as Tile King to avoid the possibility of a price war. The price char
Question1: The EPA is interested in implementing a policy to increase the amount of "brownfield" remidiation. Each policy possesses separate benefits listed below (attachment) over a 5 year horizon. Cost of implementation is 10 million. Which policy would you recommend with a discount rate of 20%? (see attachment) Que
Exercises 16-1, 16-5, 16-7, 16-9, 16-10, 16-16
1) Ridgley Custom Metal Products (RCMP) must purchase a new tube bender. RCMP's MARR is 11%. They are considering two models (see first table in attached file). a) Using the present worth method, which tube bender should they buy? b) RCMP has discovered a third alternative, which has been added to the table (see second tab
Enrique is planning a trip around the world in three years. He will sell all of his possessions at that to fund the trip. Two years ago, he bought a used car for $12,500. He observes that the market value for the car now is about $8300. He needs to know how much money his car will add to his stash for his trip when he sells it t
Caculate the total change in a years GDP: On March 31, you decide to stop throwing away $50 a month on convenince store nachos. You buy $200 worth of equipment, corn meal, and cheese, and make your own nachos for the rest of the year.
During the 1990s, the age cohort that grew the most rapidly was the 45-54 cohort, which has the highest saving rate. Yet during that same period, the personal saving rate as reported by BEA declined sharply. I'm not sure I understand what factors account for this divergence?
There are four basic components of the AD curve: Consumption, Investment, Government Expenditures, and Net Exports. Of these four components what one of them is currently negative? (This is not related to the Deficit that we hear so much about.) What suggestions do you have that would bring this one component th
State whether the following actions will increase, decrease, of have no change to GDP: a. The US legalizes gay marriages b. An individual sells her house on her own c. An individual sells his house through a broker d. Government increases Social Security payments e. Stock prices rise by 20% f. An unemployed worker gets a j
What three problems must an economic system solve?
Q xd = 10,000 - 2 Px + 3 Py - 4.5M Px = $100 Py = $50 M = $2000 How much of good X is consumed? (100, 500, 950 1100)
An increase in the price level will a. shift the aggregate expenditure function upward b. shift the aggregate expenditure function downward c. result in a movement upward along the aggregate expenditure function d. result in a movement downward along the aggregate expenditure function e. change the slope of the aggregate ex
A union employer is able to produce a machined part for $8.90 per unit and the cost of one (1) hour of union labor is $26.70. If a non-union employer is able to pay their employees $17.00 per hour and can produce the identical part with 30 minutes of labor, which supplier should you purchase the part from? If the higher cost em
Calculate the annual worth (years 1 through 10) of the following series of disbursements. Assume that i = 12% per year. Year Disbursement,$ Year Disbursement,$ 0 $5,000 6 $5,000 1 $3,500 7 $5,000
Using the Gantt chart view in MS Project as a starting point, create a dataflow diagram for any sort of web business. Be sure to use the conventions of data flow diagrams.
Please see attachment for questions relating to JIT concept and economic order quantity. Thanks.
Why might regulating externalities be a bad idea compared with other alternatives?
In the real world, we should expect the multiplier process to work itself out_______________. a. almost instantaneously b. within a few days c. within one month d. only over many months
If you have a certain amount of money invested in the stock market for a moment of time, then there is an expected return on that investment (the stock market goes up on average), and a risk, a variance in that return (the stock market flucuates), both of which are proportional to the amount you have invested. As those moments
3(a) Daily samples of 100 power drills are removed from Tec Best's assembly line and inspected for defects. Over the past 21 days the following information contained in Table 1 has been gathered. i. Develop a 3 standard deviation (99.7%) confidence p chart and graph the samples. ii. Is the process in control? iii. If not
In the early 1990s, Chrysler Corporation placed nearly all decisions about the development of a new vehicle in the hands of a single, cross-functional product team. In contrast, General Motors used an approach that placed a stronger emphasis on functional specialties. Small teams were established that consisted of experts from
What is a product or service which features inelastic demand, and a product or service which features elastic demand.
The textbook claims that when people do not have to pay anything to use valuable resources, such as urban roadway space, they will continue using them until their value diminishes to zero. That often strikes people who have not yet become thoroughly familiar with the marginal way of thinking as wrong. Why would people choose t
In late June the Fed lowered its federal funds rate target from 1.25% to 1%. However between mid June and early August the yield on longer term 10 year Treasury notes rose from 3.1% to over 4.3%. This shows that Federal Reserve activity is irrelevant to the behavior of long term interest rates" Agree or Disagree with the u
Growth rates in real GDP for the past 5 periods are as follows Period % Growth Real GDP 1 +3.5% 2 +4.25 % 3 -2.0% 4 +2.5% 5 +4.5% Calculate the geometric mean rate of growth.
While Boeing and Airbus make airplanes, GE, Rolls Royce, and Pratt & Whitney make jet engines. Airlines make their deals with the aircraft manufactures on the aircraft they want and then make a deal with the engine manufacturers with respect to the engines for that aircraft. Suppose that Boeing decided that it wished to manu
Five different consumer types exist (A, B, C, D, and E) in equal numbers. They are interested in buying (at most) one of each good at their reservation prices (or at any price lower than their reservation prices). Easter time is approaching and a pet store is contemplating selling bunny rabbits and baby chicks. Parents seem
If American prices drift upward somewhat more rapidly than prices in the other mixed economies, the probable result will be: A) exchange controls. B) tariffs or quotas. C) value-added subsidies to exports. D) gradual overvaluation of the dollar. E) a trend toward gradual depreciation of the dollar.
Hate math 68. In an open economy, MPC = 0.6, MPm = 0.2. This implies that: A) MPS in the open economy is lower than in the closed economy. B) MPS = 0.4 only if the economy were closed. C) in the open economy, if GDP increases by 200 spending on consumption = 120. D) in the open economy, if GDP increases by 200
Explain the meaning of 'market segmentation'. Please cite 2 examples.