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1.) Life-long learning, obtainable through continuing education and certification programs, is important to being able to correctly perform engineering economic analyses particularly those involving aspects that can change over time such as corporate tax laws.
a. True
b. False
2.) A knowledge of relevant contemporary issues that could either potentially or definitely impact the validity and accuracy of economic analyses is absolutely essential for engineers.
An item is up for auction. Player 1 values the item at 3 while player 2 values the item at 5. Each player can bid either 0,1, or 2. If player i bids more than player j then i wins the good and pays his bid, while the loser does not pay. If both playe..
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in whi..
Does this firm’s production function exhibit diminishing returns to labor employment? Are labor and capital complements for this firm? Explain. What is the real wage rate paid by this firm? If total factor productivity (A) is 20, how much labor (L) w..
Success of a company investing and operating in a foreign country depends on the competitive advantage of the company. The entry strategy could be technology based, quality based, or cost based. Explain and comment.
Driving a car has external costs. The health cost of pollution alone has been estimated between $.40 and $6.00 per gallon of gasoline consumed. (It is very difficult to measure the health costs. We are uncertain which health problems pollution cau..
Suppose the business confidence also depends on the level of deficit spending. in other words the larger the federal governments deficit the less money the firm will invest. mathematically this economy can be expressed as follows. By how much would t..
Robbie Trencheny, an eighteen year old high school senior, loaded half a dozen textbooks and novels into his Nook digital reading equipment as soon as he received it as a birth day present from his parents this month.
Describe 2 reasons why Apple and other tech companies feel that the government does not have the right to access this material.
When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply? When the wage rate rose from $6.25 per ..
"Timeshares" are classified as one of the business continuity strategies. Explain how they work and why a company would choose time-shares over mutual agreement
The Maximus Mint Company (MMC) each year sells specially made sets of commemorative coins to the general public and coin collectors.
Why might European Monetary System provisions for the extension of central bank credits from strong-to weak-currency members have increased the stability of European Monetary System exchange rates?
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