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-Briefly explain what consultation processes you would develop or implement to ensure that employees have the opportunities to contribute to issues related to their work role.
-Describe how to ensure that issues raised in an organization are resolved promptly or referred to relevant personnel.
Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced budget every year.
Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4.
Suppose the price level and value of the U.S. dollar in year one are 1 and $1.00, respectively. If the price level rises to 1.25 in year two, what is the new value of the dollar? If, instead, the price level falls to 0.50, what is the value of the do..
The United States exports a substantial amount of scrap iron and steel to Japan and other countries.
George and Jane are next-door neighbours. George likes listening to pop music at high volume but hates opera. Jane likes listening to opera at high volume but hates pop music. What is the externality in the above case? Why might the Coase theorem not..
Consider a pure exchange economy with two individuals (call A and B) and two goods (called X and Y ). Individual A has 120 units of good Y but no good X, and A's utility function is given by UA(xA, yA) = ln(xA)+ln(yA). Find the Walrasian equilibrium ..
Nokia sells a new budget cell phone. Based on information provided by the accounting department, the average variable cost is: AVC = $20 + Q. Find the total cost, average cost, and marginal cost equations. At what level of output is average total cos..
Benny decides to buy living room furniture worth $3000. He plans to finance the furniture for two years. The furniture store tells him that the interest rate is only 1%/mo/mo and his monthly payment is computed as follows:
Explain how to calculate and graph the profit maximizing price and quantity in the output markets by use of marginal analysis.
Consider and economy with two consumers, Jeff and Jay, and producing two goods, wine and cheese. Illustrate using an Edge worth Box diagram and a production possibilities frontier together, both efficiency in exchange and efficiency in production. Id..
Suppose the Fed buys 3 treasury bonds from the public. The people who sold these bonds keep all their money in checking accounts. Each bond is worth $1000 (so the Fed has bought $3000 worth of bonds). Suppose further that the required reserve ratio i..
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it le..
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