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How do we take advantage of the major opportunities and threats that the US faces as the world becomes one global marketplace and how do we deal with the downsides?
Felix Jones, a recent engineering graduate, expects a starting salary of $65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. If inflation is estimated to be 4% per year for the next 3 years, ..
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
What is the highest possible total revenue that the team can hope to collect
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
Illustrate what is the source of IKEA's success today. Can you see any weaknesses in the company. What might it do to correct these.
Suppose a monopolist faces the following market demand: What is the firms marginal revenue and the desired amount of units of production to maximize profit?
Suppose that the citizens of Hungary can purchase all the oil they desire at the going international price. If the Hungarian government levies a tax on oil, who bears the burden? Illustrate your answer wit h a supply and demand diagram.
The settlement requires KopyKat to pay the employee $10,000 per month for the next year. Determine the optimal price and output for the firm under these new conditions.
Explain which of the two classmates would you prefer as a partner. Would he also want you as a partner.
Consider the market for branded designer dog tags. Economic consultants have estimated a linear approximation to the market demand curve: QD(P) = 120 – 30*P, where the intercept and slope terms are in millions. To make the marketing campaign worthwhi..
Suppose that the income of the average Canadian household increases because a larger percentage of women enter the labour force. What do you think will happen to demand for the following products or services? What does your answer imply about income ..
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