3 best basic economic questions

The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it is known that the computer prices manufactured by MNM are normally distributed. a.

A bottleneck happens when a key piece of manufacturing machinery can produce 1,000 units per hour and demand for the product supports a production rate of 1,200 units per hour. a. True b. False

Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000. Assume a 360-day year.

In regard to interest rate risk, short-term bonds: 1. have less interest rate risk than longer-term bonds. 2. and longer-term bonds have the same amount of interest rate risk because their coupon interest rates are fixed. 3.

Leo works in a Mercedes Benz factory in Alabama. He is then transferred to Mercedes's plant in South Africa. When does the value of Leo's work for Mercedes contribute to U. S. GDP?

Snuggables sells microwaveable heat packs online. Their sales software collects customer/sales information and shares it with the customer service and sales departments.

You run a pizza delivery service in the greater New York area, delivering to Brooklyn, the Bronx, and Queens. How would you target the ads to optimize your campaign?

Francis interviews two candidates for an administrative assistant position that will require a fair amount of project management. The first candidate is enthusiastic and states that she can "do anything she sets her mind to.

Dapple Company incurred the following costs while producing 480 units: direct materials, $ 13 per unit; direct labor, $ 26 per unit; variable manufacturing overhead, $ 16 per unit; total fixed manufacturing overhead costs, $ 7 comma 680 ;

Explain why economics is about the allocation of resources for the production and distribution of goods and services.