Consider the town of Econville with a population of 5,000. There are 1,000 high school students, 1,000 undergraduate 1,000 graduate students, 1,000 economics professors, and 1,000 retired economists. Suppose that the total annual income in the economy is S 100 million: Each high school student earns $7,000 annually; each undergraduate earns $12,000 annually; each graduate student earns $20,000 annually; each professor earns $56,000 annually; and each retiree earns $5,000 annually. Suppose that the government sets the poverty line at an annual income of $16,000. The percentage of people with annual incomes below the poverty line in Econville is:

Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below.annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?