Race One Motors is an Indonesian car manufacturer. At its largest manufacturing​ facility, in​ Jakarta, the company produces subcomponents at a rate of 285 per​ day, and it uses these subcomponents at a rate of 12,500 per year​ (of 250 working​ days). Holding costs are ​$2 per item per​ year, and ordering costs are ​$31 per order. ​a) What is the economic production​ quantity? ​b) How many production runs per year will be​ made? ​c) What will be the maximum inventory​ level? ​d) What percentage of time will the facility be producing​ components? ​e) What is the annual cost of ordering and holding​ inventory? ​

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?