How does rfid compare to bar coding? 2. What is the economic payback in years for this possible rfid adoption? (hint: there are two benefits that can be quantified—labor savings due to faster scan times and misread savings. Annual benefits divided by economic benefits equals payback.) 3. What are the risks of adopting a new technology too early? Too late? 4. What do you recommend mr. Bracket do in the short and long terms? Explain your reasoning?

7. problems and applications q7 congress and the president decide that the united states should reduce air pollution by reducing its use of gasoline. they impose a $0.50 tax on each gallon of gasoline sold. suppose they decided to impose the tax on consumers. in the following graph, shows the effect of a $0.50 tax on each gallon of gasoline sold imposed on consumers by shifting the demand or supply curve. demand supply 0 1 2 3 4 5 6 3.0 2.5 2.0 1.5 1.0 0.5 0 price of gasoline (dollars per gallon) quantity of gasoline (thousands of gallons) demand s 1 s 2 true or false: the price producers receive will be higher if the tax were imposed on consumers. true false if the demand for gasoline were more elastic, this tax would be effective in reducing the quantity of gasoline consumed. true or false: consumers of gasoline are by this tax. true false workers in the oil industry are by this tax.