Economics 500 – Problem Set #3 Consider a firm producing an output Q using the two inputs “labor” (L) and “capital” (K) according to the production function Q = K.5L.5 (i.e.‚ the amount of output produced Q is equal to the square root of K times the square root of L). Suppose that the firm is in a short-run situation in which K is fixed at one unit (K = 1) but labor is variable. Suppose that the user cost of capital‚ r‚ is $48 for each unit of K and that the wage rate‚ w‚ the cost of one unit
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in achieving the business’s goals. Whole foods specifically were able to find a niche within the general grocery market. They were initially able to differentiate themselves from competitors by focusing on quality and innovation that allows them to charge a premium price for their products‚ which in turn gives them a competitive advantage over other grocery markets. When whole foods was just starting out there was not a huge market for organic or natural food as well the demand was also low. The
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McDonalds Case Assignment for Marketing Sheridan College S.W.O.T Analysis: Strengths: * McDonalds is the largest restaurant organization in the world * Operates over 35‚000 restaurants in more than 100 countries on six continents * Recognized well by people around the world * Well respected brand * Good in restaurant operations‚ real estate‚ retailing‚ marketing and franchising * Affordable food prices * Good marketing strategies * Sales are growing frequently
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OM Assignment III (Product Design and Process Selection) 1.Discuss BEP?And elaborate why this is useful. 2.Explain with example DFM and DFA. 3.Differentiate between intermittent and continuous operation. OM Assignment IV(Capacity Planning) 1.Define capacity cost ‚waiting cost and optimum capacity. 2. In a manual system of tax filing tax payers are lining up‚ in order to file their income tax returns. The arrival of tax payer is Poisson at a rate of 5 per minute. The IT officer wishes that no tax
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of several other benefits such as medical/dental‚ WSIB‚ EI. EAPS include programs such as counselling and/or treatment substance abuse‚ legal problems‚ marital and or family. These programs can reduce the costs of other benefits by helping to work out some of the above issues before more serious medical problems arise. For example if an employee has a problem with drugs and it goes untreated the employee continues to use drugs while at work‚ while under the influence of drugs falls off a platform and
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also whether it wants to have the same business level strategy for each country in which it competes or whether to give its managers in other countries the responsibility for creating their own business strategies. KRAFT FOOD SPLIT In the summer of 2011‚ corporate giant Kraft Foods surprised Wall Street by announcing that it would split itself in two. One company‚ which would keep the current moniker‚ would operate in North American grocery business and include iconic brands like Kraft Macaroni &
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Question 1 (Weighting: 5) Describe how you might contribute to a lesson given to a group of seven year old children learning to play percussion instruments. Following the plan set out by the teacher‚ I would firstly organise and set out the required classroom resources e.g. the chairs‚ tables and sheet music etc. I would then set out the required instruments needed for the lesson ensuring there was enough for the entire group and check that each instrument was safe for the pupils to use. Throughout
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Case Study Assignment ANALYSIS Describe all assumptions seen in any of documents provided in the case study. a. Kelly 1. Feels that Pat is putting the company on the line with this project because of short staff and maintaining the existing workload. Assumes meeting with Pat means arguing. Assumes Pat ’s work ethic and business practice ’s aren ’t very good‚ Assumes that Pat ’s background in cereal means he isn ’t knowledgeable regarding technology. Assumes Pat is trying to
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diseases or afflictions that the person suffered. By using x-rays‚ a scientist does not have to unwrap or undress the mummy. Conduct a dental examination 2. In addition to mummies‚ what other sources of information do we have about ancient civilizations? 3. Most Egyptian mummies were kings or queens or wealthy people. Hypothesize this reasoning. Well most burial took place just in sand‚ but kings and queens were buried in tombs suited for the comfort of their afterlife‚ for which they could afford. 4.
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Problem 1 The following data were obtained from a project to create a new portable electronic. Activity Duration Predecessors A 5 Days --- B 6 Days --- C 8 Days --- D 4 Days A‚ B E 3 Days C F 5 Days D G 5 Days E‚ F H 9 Days D I 12 Days G Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) a) What is the Scheduled Completion of the Project? (5 points) b) What is the Critical Path of the Project
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