Billy bob is the sole proprietor of billy bob's smokers and is a fabricator of competition-level, wood-fired smokers. billy bob is introducing a home-grade version of his smoker and has a contract with a local distributor to produce and deliver 50 units for sale during the summer. more specifically, billy bob is required to deliver the first 6 units in may, the next 10 units in june, 14 more in july, and the remaining 20 in august. the first unit produced for delivery in may required 40 hours of labor and the second unit took 30 hours of labor to complete. assuming a learning rate can be established based on the first two production units, will billy bob be able to meet his contractual obligations? billy bob works 160 hours per month. you must show all work used to answer the question. that is, provide the number of labor hours that billy bob will consume in each month to produce the number of smokers indicated.

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?