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Your company is considering hiring several interns to perform tasks that are now performed by your current office workers: light filing, photocopying, basic customer service emails, etc. Your current staff performs, aside from these simple tasks, more complicated (and more profitable) tasks that interns would not be qualified to do. The accounting department at your company does not want to hire interns since your current staff is performing these tasks anyway, and hiring interns would add unnecessary costs. As the economic consultant, how would you assess the proposal to hire interns?
A monopolistically competitive firm is operating in the short run, is operating at the optimal level of output, and is earning positive economic profits. Describe how this industry will adjust in the long run.
Etisalat and Du are duopolists. If they form a cartel between themselves, then what will happen to price and output in the market. Discuss your answer with a relevant diagram.
International Monetary Fund? (IMF) "quotas" refer to
Integration of E-commerce and ERP Systems with other ICT (information and communication technologies) to create value for customers and shareholders.
Some economists have suggested there is an implicit cartel among European air carriers whereby the airlines charge monopoly fares under the shield of regulation. Given the preceding facts, find the profit maximizing fare and the annual number of ..
If people do not have a complete mental picture of their total utility for every level of consumption, how can they find their utility-maximizing consumption choice? As a general rule, is it safe to assume that a higher wage will encourage significan..
The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United Stat..
Suppose 100 identical firms produce in an initial competitive market: P=10-Q/200 and P=1+Q/200. Find the competitive equilibrium price, industry output, and firm output.
The first payment on the lottery jackpot will be made today. In PV terms, how much did you really win?
Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $115,000. which of the compensation schemes does the manager prefer? The scheme with f..
If a product yields external benefits, then the:
The bond's closing price is quoted at 101.25. If your required rate of return is 9.5%, what would be the bond's intrinsic value?
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