A college student determines he will have only half of the cost for university housing available for the coming year. List five feasible alternatives.
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A college student determines he will have only half of the cost for university housing available for the coming year. List five feasible alternatives.
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- You have been hired as an economic consultant to assess the feasibility of building a new hockey arena in the city of Saskatoon. The demand curve for attendance at the new arena per game is given by P = 100 – 0.005Q and average attendance per game (35 home games) is optimistically forecast to be 12,000; the demand curve for other entertainment goods which are thought to be substitutes for basketball games is given by P = 1500 – 0.01Q and an estimated total of 100,000 tickets per year are sold for these events. Per capita income in Saskatoon is currently estimated to be $40,000 per year, which is forecast to rise to $40,100 after stadium construction is completed (local population = 600,000). The income multiplier is thought to be 1.2. Construction costs for the new arena are budgeted to total $175 million with annual arena maintenance costs of $5 million. The city will pay for the annual maintenance costs for the first three years of arena operations. The market rate of interest is 2%.…A production job methodology in an industry needs to be revisited. An industrial engineer has designed two alternative methods for accomplishing a production job. Both methods involve the acquisition of the same working place and other capital equipment to be used for this job only. Method A calls for a crew consisting of three men each costing P30.00 per hour. This method will result in the production of 10 units per hour of which two will be reject. Method B calls for a crew of two men each costing P35.00 per hour and should result in the production of eight units per hour of which one will be reject. The cost of the direct material lost in each reject is P20.00. If a certain total number of units is to be produced, find which method is economical. Group of answer choices Method B Method AThe cost of production is given by C(q) = 1/3 q3 -15/2 q2 +36q+ 81. For what number of units, the manufacturing cost is minimal.