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Case Study:
Seattle-Tacoma-Olympia, WA aerospace / defense industryCentral California winemaking industryHollywood movie industrySilicon Valley technology hubTexas / Louisiana Gulf Coast crude oil and natural gas production and refiningPre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration
Write a 700- to 1,050-word paper evaluating economists' assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:
Question 1: Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
Question 2: Analyze how the economic concentration in the area you chose influenced the supply chain.
Question 3: Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
Question 4: Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.Consider the resources provided and other academically appropriate sources. The use of charts and tables to illustrate data is highly encouraged.
Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that are willing to pay a price of $25 for a pair of Levis Jeans, and a low-end type customer that are w..
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Assume that someone has inherited 2,000 bottles of wine from a rich uncle. He or she intends to drink these bottles over the next 40 years. Suppose that this person’s utility function for wine is given by u(c(t)) = (c(t))0.5, where c(t) is each insta..
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