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1. What is the best practices frontier? How does this relate to competitive advantage?
2. Explain why rent seeking competition tends to dissipate rents-to drive them down so that there are no abnormal rents?
3. Jack Welch is heralded as a great leader of General Electric (GE). His strategy to acquire companies in different lines of business based on the requirement that each business in GE was to become #1 or #2 competitor in the industry is touted as being particularly brilliant. While very successful, could there have been a fundamental flaw in Welch's strategy?
4. What type of compensation policy would you expect to observe in an indutry with rapidly changing technology?
The companys marketplace department estimated a linear demand function for Border's picante sauce:
Illustrate what inconsistent other than price appear ro have the biggest impact on the demand for McDonald's products.
A fairer distribution of rewards may generate a higher average productive effort on the part of the population in that way enhancing efficiency.
q.the four major competitors in the computer work-station market are sun microsystems 29 hewlett-packard 18.8 ibm 16
Sketch the isoquant corresponding to an output level of 100 units What is the MRTS for this production function? Does the isoquant exhibit a diminishing MRTS?
The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. Elucidate deadweight loss from the tax.
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
Suppose that the production function is y=ka, where y and k denote production per unit of effective labor and capital per unit of effective labor, respectively. Suppose also that the saving rate, the depreciation rate, the growth rate of the populati..
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
As she will be in a lower tax bracket. As her financial advisor, which option do you recommend.
The company ises MACRS depreciation and its marginal tax rate is life of 5 years). The 10 cars were sold at the ending a MARR of 10% and using NPW, determine if this was a good investment on an after-tax basis.
q.suppose the demand function for corn is qd10-2 and supply function is qs3p-5. the government is concerned that the
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