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Question:
1. In a highly controversial move, your favorite social network has just agreed to allow Walmart access to the postings, messages, and photos of its users. Walmart will also gain access to user names and email addresses- in violation of the network's privacy policy. Walmart plans to mine this data to learn more about what its customers want and to develop targeted direct mailings and emails promoting those items. You are so strongly opposed to (or in favor of) this change in the privacy policy that you are motivated to send a message to the social network expressing your opinion. What do you say?
2. You are the new operations manager of a large call center for a multinational retailer. The call center has been in operation for several years, but has failed to meet both the customers' and senior management's expectations. You were hired three months ago and challenged to "turn the situation around," As you are sitting at your desk one day, you get a phone call from your boss asking that you lead a pilot project to implement the use of dashboards in the call center. The goal is to demonstrate the value of dashboards to help monitor and improve the operations in many of the firm's business units. How do you respond to your boss's request?
A newspaper recently lowered its price from 50 cents to 30 cents. As it did, the number of newspapers sold increased from 240,000 to 280,000.
If a firm is maximizing profit and the marginal revenue product of labor is $10 and the marginal revenue product of capital is $30, then the marginal resource cost of labor is $3, and the marginal resource cost of capital is $3 the marginal resource ..
There are two reasons firms strive to maintain stable (sticky) prices, the first is that these companies know that consumers do not take to kindly to price.
Describe equivalent variation in words assuming the price of a product is rising. Provide a supporting diagram and ensure diagrams are labeled.
One example of how a bank can practice asset management in order to reduce liquidity risk is
Now assume that the state is going to give as many contracts as desired so now you are operating in a competitive market. how will your price and out put decisions change?
A firm has a production function (products of the whole year) given by q = 500 LK . Wage is $40,000 per year and capital rental rate is $90,000 per year. Find the best way to produce 6000 products in a year. What is the total cost to produce? b. Fin..
The total payment of resource income in the economy is equal to the total value of the output. In the simple circular flow model, if planned I exceeds planned S, then. The operation of the total economy can best be demonstrated by a. The level of tot..
Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one-shot to reach an agreement.
What are “High Risks” in different businesses, automotive, and health?
Why is the issue of insolvency an important factor in the regulation of business relationships?
Explain the law of supply, and why the supply curve slopes upward? How is the market supply curve derived from the supply curves of individual producers? Identify what are the major determinants of price elasticity of demand?
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