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Even though some airlines target business clientele, is the decision to use these carriers more like a business purchasing decision or a consumer purchasing decision? Explain.
Are college students a viable potential market for Mercedes? Why or why not?
Is it ethical for companies to avoid certain segments? For example, many brands do not target low income consumers. Is that unethical?
If a 10 percent fall in the price of beef increases the quantity of beef demanded by 20 percent and decreases the quantity of chicken demanded by 15 percent, calculate the cross elasticity of demand between beef and chicken. What can you conclude abo..
If we modify our basic three sector model and instead of assuming that taxes are autonomous or fixed in amount (the Tx = Txo assumption) now assume that taxes are a positive function of income, will this modification have the effect of increasing, de..
Suppose the currency-to-deposit ratio is 0.25, the excess reserve-to-deposit ratio is 0.04, and the required reserve ratio is 0.05. Which will have a larger impact on the money multiplier: a rise of 0.05 in the currency ratio or in the excess reserve..
Using supply and demand analysis, describe the effect of each of the following events on the market for cigarettes. Your description should include which curve shifts, supply or demand, which way the curve shifts, left or right, if the equilibrium pr..
Illustrate what can you say about the change in equilibrium price and quantity.
If the Fed simultaneously raises the discount rate and the reserve requirement, the money supply will:
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream division that produces the final output. To produce one unit of the final output, the downstream division requires one un..
Complete a SWOT analysis and a value chain analysis of Under Armour. How well has the company performed to stated strategic objectives or performance targets? Support your assessment with factual data. Compare the strengths, weaknesses, opportunities..
The following transactions take place in 2000: An elderly couple goes to the movies and pays $150 for the tickets. A family sells numerous knick-knacks at a garage sale for $125. A young executive buys 100 shares of IBM for $10,000. The addition to g..
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?
Discuss in detail the arguments for and against the minimum wage. Be specific about the position of the economists on the issue. NO graphs and NO math.
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
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