Answer:
a. The effect of government regulation on a monopolist's production decisions: microeconomics
b. The government's decision on how much to spend on public projects: macroeconomics
c. The effects of the Internet on the pricing of used cars: microeconomics.
Explanation:
Le re-visit the concept of microeconomics and macroeconomics before we apply them to solve the problem.
Microeconomics studies about the behavior of players and how players in the economy ( individuals, households, firms) making decision of resources allocation, how they interact with one another. Thus, it usually studies about market of goods and services.
Macroeconomics studies about economy as a whole, that is, its structures, performances, behavior ( e.g: inflation, unemployment, GDP growth)
a. is microeconomics because it is about how monopoly firms decide its production level given changes in government's regulations.
b. is macroeconomics because it is about public spending ( spending for the whole economy)
c. is microeconomics because it is about how market of used cars is affected ( in term of pricing) as sellers and buyers have new ways of delivering/finding information and connections.
Answer:
tables to display the required information:
Total cost:
hiring cost: (174 + 23)*200 = 39,400
lay-off cost: (50 + 196) * 400 = 98,400
inventory cost: ending inventory * $0.25 = 73,380
Total cost: $211,180
Explanation:
We solve this using Excel SOLVER which uses linear programming.
First, build a table for workers and production.
Then we build a table for inventory:
Last the cell for total cost we want to minimize:
=SUM(hired) x 200 + SUM(lay-off) x 400) + SUM(ending inventory) x 0.25
Our requirement is:
1)ending inventory of 100,000 or more
2) total worker of 325 or above
3) fulfill all demand so ending must be zero or higher than zero
4) hiring and lay-off are Natural numbers (we can't hire 0.5 employees)
Answer:
9
Explanation:
3|-3|
|-3| is the absolute value of - 3 which is 3
Hence,
3 * 3 = 9
Answer:
Standard hours allowed in May:
Field = 6 hrs x 300 = 1,800 hrs
Professional = 8 hrs x 400 = 3,200 hrs
Total standard hours allowed 5,000 hours
Explanation:
In this case, we need to multiply the direct labour hours allowed for each product by the number of unit produced for each product.
Answer:
Angie works as your assistant and has come up with a brilliant idea. You have an opportunity to present the idea to your boss, but not give Angie credit for the idea. You can say it was your idea, and no one but you and Angie will ever know.
Evaluate the solutions (what are all the solutions to the issue – both ethical and unethical)
Explanation:
It is unethical to do such, it is morally wrong to plagiarize someone's idea without their knowledge, one could be sue for such in court of law and may probably be fined or send to jail