Penny Pinchers Inc

question 92

Essay

Penny Pinchers Inc.is attempting to implement a Baumol model for cash management.Given that Treasury bills offer a 7.5 percent return, that each sale of bills involves a fixed cost of $30, and that Pinchers disburses $6.5 million annually, determine the optimum amount of bills to sell each time.What will be the average cash balance under these assumptions?

Differentiate between various feminist theories and their perspectives on gender issues.

Explain how socialization agents (parents, peers, etc.) influence gender identity and roles.

Evaluate the sociological and legislative solutions proposed to address gender inequality and discrimination in the workplace.

Understand the principles of long-run equilibrium in perfectly competitive markets.

---

Definitions:

Commodity

Commodity denotes basic goods used in commerce that are interchangeable with other goods of the same type.

Allocation

The process of distributing resources, goods, or services in a particular way or to particular recipients.

Scarce Resources

Resources that are limited in supply and cannot fulfill all the uses and demands placed on them.

Virtually Unlimited

A term used to describe a resource or supply that is so abundant it appears to be almost without limit.