Willie Lohmann travels from city to city in the conduct of his business. Every other year he buys a used car for about $12,000. The auto dealer allows about $8,000 as a trade-in allowance with the result that the salesman…
Judgments: Ethics & Moral Reasoning & Regulatory System How would you make a distinction between judgments based upon ethics and moral reasoning and the regulatory system?How would you rationalize differentiating judgments based on the underlying intent of a person or…
Considering the theory of plate tectonics and the movement of landmasses over the geologic time, would you expect atmospheric circulation of the past to be similar as we see nowadays? Explain why or why not? Consider the factors which find…
Describe the relation between muscles, ATP energy and the calcium ion. I will be using for class, if there are any references please comprise them. If there is any way one can give specific illustrations as well associated to the…
The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship: Q = 400 – .5P where P is price. Total costs (including a “normal” return…
The chief economist for Argus Corp., a large appliance manufactiuer, estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form AVC = a + bQ + cQ2 Where AVC = dollars per…
Under a modified wage plan, an employee working an eight-hour day earns $.40 for each finished unit and is guaranteed $20 per hour as a minimum wage. At what level should the daily quota be set?
Suppose that Noven had $49,000 in an inventory of transdermal estrogen delivery patches. These patches are from an initial production run, and will be sold during the coming year. Why do you think that this amount is not shown in…
Consider the following demand function for widgets: Q_d=4500-20P- .001M+30P_R Is this a normal good or an inferior good? Is good R a substitute or a complement? At what price is demand for widgets zero, if average income is $100,000 and…
Suppose the government wants to restrict the number of cars by issuing a limited number of marketable permits to produce cars. The inverse market demand curve for cars is p = 20,000 – 0.9Q, the marginal cost of producing cars…
