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Problem
Read the article entitled "In China, the Pen Is Mightier When It's Pricier" by Cameron McWhirter and Laurie Burkitt. Next, analyze the role of consumer demand in influencing Parker Pen's Strategies. Critically examine whether Parker will be able to maintain its market power in China.
Consider the differential equation y' = y. Given the initial condition t0 = 0, y0 = 1 and step size 0.1, use the formula for Euler's method to compute by hand t1 and y1.
What is the current unemployment rate (hint: the update on the unemployment rate is usually released the first friday of each month) Do you think this unemployment rate is generally considered to be above, below or equal to NAIRU
Consider the following supply and demand functions: qs = 25 + 1ps, qd = 100 - 0.5pd - Solve this problem as a monopolist on the output-side and monopsonist on the input- side using Solver.
How do you calculate consumer and producer surplus given the equations Pd=100-Q and Ps=200-2Q?
Suppose that customers arrive at a checkout counter at a rate of two per minute. What are the mean and variance of the waiting times between successive customer arrivals?
Derive the Marshallian demand functions and the indirect utility function - derive the expenditure function from it and then derive the Hicksian demand function.
What is a convertible bond and why do investors find such bonds attractive? What advantages do convertible bonds have for the issuing firms? What stakeholder group might be harmed when a firm issues convertible bonds?
“Comparative advantage will benefit all people because everyone has a comparative advantage in something. Therefore, trade based on comparative advantage should be facilitated without undue government intervention”
Define the components of organizational behavior. Select 2 companies and write a summary of their mission, values and vision, and other organization practices.
Determine what is the cumulative change in concentration of iodide ion at each of these four times?
Compute the actual dollar annual worth of Machine B. Use an inflation-free MARR of 14 percent, an inflation rate of 6.5 percent per year, and a study period of 10 years.
Consider another policy where the government could impose a price ceiling p on the monopolist. If the government were interested in maximizing social surplus, what would be the optimal value of p when considered from the point of view of the gover..
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