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Alfred Chandler, who was a professor at the Harvard Business School, once observed: "Imagine the diseconomies of scale-the great increase in unit costs-that would result from placing close to one-fourth of the world's production of shoes, or textiles, or lumber into three factories or mills!" The shoe, textile, and lumber industries are very competitive, with many firms producing each of these products. Briefly explain how Chandler's observation helps explain why these industries are competitive.
Describe the difference between the specialist, market maker and electronic system for trading stocks. What are the benefits and detriments of each system How is the difference between the real estate market and the financial markets reflected in ..
Vendor A is the current supplier, but if the data demonstrate convincingly that a greater proportion of the resistors from vendor B meet the specification, a change will be made. State the appropriate null and alternate hypotheses.
Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption function = 3 + 0.6Y; Planned Investment = $5 trillion;
Total real rate of return
Describe and explain EIA's forecast for the price of gasoline, coal and natural gas. Identify the factors that are affecting the forecast. Discuss specifically the impact of shifts in supply, shifts in demand, and examples of substitutions
during the early 1980s president ronald reagan was attempting to institute a tax cutting revolution while the u.s.
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
Presume that your retirement benefits through your first year of retirement are $60,000 per year which is just enough to meet your cost of living through the first year. But, your cost of living is expected to increase at an annual rate of 5 percent ..
1. julian has 15 to spend this week on orange juice and muffins. juice costs .50 per bottle and muffins cost 2.00
Stock market bubbles and following crashes are example of
Markets in developed economies are approaching saturation level. Therefore, MNCs are searching for new untapped markets in emerging countries such as India and China.
If there's no choice, then the price [of cable] is at the whim of the provider." In a situation in which the consumers in a housing development have only one cable company available, is the price really at the whim of the company? Would a company ..
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