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1. In Question #1 above, your first move as CEO is to develop recyclable packaging for your fast-food products. Answer the following questions in regard to such a move:
a. What are the positive externalities that would emerge from your recyclable packaging?
b. How could you translate these positive externalities into a competitive advantage for your firm?
c. Would such actions possibly lead to increased customer loyalty because of these actions?
The last time the U.S. Post Office raised its prices for mail service critics of the rate increase argued that the Post Office's revenues would actually decline as a result of the price increase. the Post Office believes demand for mail service is el..
In 2011, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now 20,000. What was the rate increase for these autobiles between the two time period.
From one year to the next, a country's output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750. Suppose aK = 0.3 and aN = 0.7. How much did productivity contribute to economic growth..
A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..
Demonstrate that inflation is always a monetary phenomenon in the long-run, and explain why it might not always be a monetary phenomenon in the short-run.
Suppose that the United States and the United Kingdom both use the gold standard. Their prices of gold are $35 = 1 ounce and £7 = 1 ounce, which yields an implied exchange rate of $5 = £1. Now suppose that the exchange rate temporarily rises to $5.50..
Give me a write up on the PhD Research Topic "Modelling the relationship between interest rate, Energy Consumption and Economic Growth in Nigeria from 1980 to 2015"
Suppose the government imposes an ad valorem tax on coal producers of 7% of the sale price. What is the competitive equilibrium in the absence of the tax? What is the competitive equilibrium with the ad valorem tax? What is the change in consumer sur..
When comparing a $100 billion increase in government purchases to a $100 billion decrease in tax revenue, the effect of the increase in government purchases on aggregate demand is
Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. Clearing one acre brings in $1300 in revenue. What is the marginal revenue product of hirin..
It is true that consumer behavior changes with the change of their purchasing power (income). People, in general, will demand and consume higher quality.
What is your interpretation of the phrase “act local, think global”? How would you use this knowledge as a global leader?
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