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Q. You are the manager of a manufacturer that sells protective cases for the Samsung Galaxy. Samsung produces half of its phones at a plant near Hong Kong and the other half at a plant located near Shanghai Both plants are running at full capacity. You have just learned that rioting workers have severely damaged the Samsung plant near Shanghai and it will take at least a year before the company can construct a new plant to produce additional Galaxies. Explain how this news will this affect the amount of inputs you order for your own manufacturing activities? Explain how it will affect the number of employees you schedule? All other things being equal, what will happen to prices of the Galaxy and the iPhone? Why?
If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
Suppose it had begun an expansionary policy early in 1981. What does the text's analysis of the inflation unemployment cycle suggest about how the macroeconomic history of the 1980s might have been changed.
Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Hero Nakamura is CEO of the Cola King Bottling Company a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
What can you determine about consumer demand for your product from this information.
This document contains various important questions and their appropriate answers in the subject field of Economics.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Calculate price, quantity and social surplus for the initial state and each policy.
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
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