What is Fordism? Discuss the benefits and drawbacks of Fordism on the automobile industry, consumers, and workers. Discuss the geography of both Fordism and post-Fordism.

what advice will you give regarding the proposed price increase and how would you explain your advice so the firms leadership understand the rationale of your advice

Which technology is better?

(1)

a technology that involves high initial cost but lower future annual operating costs

(2)

a technology that is cheaper in initial cost but higher future annual operating costs

A. Always (1) Technology

B. Always (2) Technology

C. Depends. Need to evaluation a life-cycle cost

For every penny that the price of gasoline goes up, the U.S. Postal Service (USPS) experiences a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question: "How many mail delivery vehicles does the USPS have in the United

States?”

A. Gasoline price before the increase

B. Gas consumption (miles per

gallon) of the average delivery vehicle

C. Total number of miles driven each year by the average delivery vehicle

D. Total number of drivers employed by the USPS

E. Annual repair and maintenance expenses per average delivery

vehicle

Assume that your employer is a manufacturing firm that produces several different electronic consumer products. What are three nonmonetary factors (attributes) that may be important when a significant change is considered in the design of the current bestselling product?

A. Aesthetics

B. R&D expenses incurred for the design

C. Safety

D. Advertising costs

E. Quality in terms of consumer expectations

Discuss five most important feasibility study factors that make a shopping centre so successful.

A new cement mixing truck can be purchased for $100,000 and will have a salvage value of $50,000 at the end of 5 years. The cost of concrete mix for the truck is $100 per cubic yard. Alternatively, the construction company can pay $105 per cubic yard to have concrete delivered by a third party.

Assume the construction company can order the concrete mix or delivery for the whole year on their account, and pay the full balance at the end of each year. At an interest rate of 10% per year, the minimum cubic yards of concrete that must be used each year to justify the purchase of a truck is closest to:

1. 1,050
2. 2,650
3. 3,650
4. 5,550

The answer is C. Why?

I need an explanation.

2. Walmart can use either self-service check out machines or cashiers to process customer purchases. For Walmart, self-service checkout machines and cashiers are perfect substitutes. Suppose that self-service checkout machines can process the purchases of 100 customers per hour and that a cashier can process the purchases of 60 customers per hour. Suppose that the price of operating a self-service checkout machine is 20 dollars per hour and that cashiers are paid an hourly wage of 10 dollars per hour. Answer the following questions:

a) Write down Walmart’s production function for processing customers’ purchases.

b) What is Walmart’s demand for cashiers given the production technology and input prices?

c) What is Walmart’s demand for self-service check out machines given the production technology and input prices?

d) How much will it cost Walmart to process the purchases of 400 customers in an hour?

e) Suppose the minimum wage for workers is increased to 15 dollars per hour. What is the cost to Walmart of processing 400 customers in a hour?

What is the difference between a change in quantity demanded and a change in demand?  Suppose the State of Maryland decrees a minimum wage of $15 an hour. What would be the effect of such legislation on the demand for labor? the supply of labor? and on wages?

3. Breezy Point Lodge sits alongside Big Pelican Lake in northern Minnesota. It's surrounded by breathtaking acres of woods and water, and features lots of family activities to enjoy all year long, like golf, tennis, water sports, fishing, snowmobiling and cross-country skiing. Like many vacation resorts, Breezy Point has discovered the advantages of offering its services on an annual membership or "time-sharing" basis. To illustrate, assume that an individual vacationer's weekly demand curve can be written:

P = $5,500 - $2,000Q,

where P is the price of a single week of vacation time, and Q is the number of weeks of vacation time purchased during a given year. For simplicity, assume that the resort's marginal cost for a week of vacation time is $1,000, and that fixed costs are nil. This gives the following total and marginal cost relations:

TC = $1,000Q,

When an economy is open up for more trade are there workers that are affected negatively? If so then what government policies might be enacted? Please explain in detail with any reference or citations. Thanks

1. How did the cartels in Latin America manage to limit the flow of drugs in different markets?
2. Why is the drug trade is so profitable for illicit drug dealers?
3. What is money laundering? How would drugs gangs do money laundering?

The response time (in seconds) was determined for three different types of circuits that could be used in an automatic valve shutdown mechanism. The results are provided in the table below:

Construct a set of orthogonal contrasts, assuming that at the outset of the experiment you suspected the response time of circuit type 2 to be different from the other two. ii. If you wished to minimize the response time, which circuit type would you select? iii. Analyse the residuals from this experiment and comment on whether the assumptions of analysis of variance are satisfied.

    2. Who benefits from specialization in care labor within the family?

A. Are there efficiency advantages gained where men and women in particular activities, women in care labor and men in market work?

B. Are there distributional advantages where men or women benefit by focusing on market labor or care labor respectively

Q21. A game theorist is walking down the street in his neighborhood and finds $20. Just as he picks it up, two neighborhood kids, Mark and Nancy, run up to him, asking if they can have it. Because game theorists are generous in nature, he says he’s willing to let them have the $20, but only according to the following procedure: Mark and Nancy are each to (independently) submit a written request as to their share of the $20. Let m denote the amount that Mark requests for himself and n be the amount that Nancy requests for herself. m and n are required to be chosen from the interval [0, 20]. If m + n ≤ 20, then the two receive what they requested, and the remainder (20 - m - n) is split equally between them. If, however, m + n > 20, then they get nothing, and the game theorist keeps the $20. Mark and Nancy are the players in this simultaneous-move game. Assume that each of them has a payoff equal to the amount of money that he or she receives. Find all Nash equilibria for this game.

The Cronch Café, located at the Gulf of Mexico, has an increase in business during the summer vacation season. The owner hires a large number of servers as seasonal help. When he interviews a prospective server, he would like to provide data on the amount a server can earn in tips. He believes that the amount of the bill and the number of diners are both related to the amount of the tip. He gathered this sample information. 1) Develop a multiple regression equation with the amount of tips as the dependent variable and the amount of the bill and the amount of diners as independent variables. Write out the regression equation. How much does another diner add to the amount of the tips? 2) Conduct a global test of hypothesis to determine if at least one of the independent variables is significant What is your conclusion? 3) Conduct an individual test on each of the variables. Should one or the other be deleted? Plot the residuals against the fitted values. Is it reasonable to conclude they are random?

1) Suppose Peggy consumes only two goods, gasoline and cigarettes. Her income is $120, the price of cigarettes per pack is $4 and the price of gasoline per gallon is $2. Currently, she consumes 40 gallons of gas at optimal level.

a) Sketch the following budget lines. Be sure to show how you calculated the slopes and end points. (Put gas on the X axis.).

b) What is optimal level consumption of cigarettes for Peggy? Use an arbitrary convex indifference curve, indicating the current consumption combination is optimal.

c) If the government imposes a sales tax of $1 per unit on gasoline, Peggy will consume 28 gallons of gas. Draw the new budget constraint and the new optimal basket. Be sure to show how you calculated the slopes and end points. (Put gas on the X axis.).

d) What is optimal level consumption of cigarettes for Peggy? Use an arbitrary convex indifference curve, indicating the current consumption combination is optimal.