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How can related diversification make (create) a competitive advantage for the organization?
The basic idea of Schumpeterian Business Cycles is that new technologies require creative destruction but will yield positive growth. These two opposing forces have impacts onto the real economy at different times, which will create fluctuations arou..
Big Switch is a medium-sized sales organization with 100 employees with annual revenue of $10 million. Big Switch has a central office of 30 employees.
Speaking of competition, why is it that company’s who are in competition with one another often located right next to each other? Where I live, if you see a McDonalds, within a block there is a Burger King. As you drive down our main street, you hit ..
Given this utility function, MUx=Y, and MUy=X+10. What is the MRS of X for Y at the bundle (X=20, Y=60)?
The estimate of the natural rate of unemployment shows an increasing trend during the 1970s and the early 1980s, and a declining trend in the 1990s. One of the explanations of this change in the natural rate of unemployment is based on the demographi..
Assume that a $1 tax is imposed on the seller. The new Qs=2+3(P-1). Find the new P&Q. What proportion of the tax is paid by the seller? What portion of the tax is paid by the buyer?
Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit.
Assume the operations manager at the company you own prefers to put in low effort rather than high effort. In order the manager to exert high effort, his expected financial gain must be at least $60,000 higher than if he puts in low effort. Discuss t..
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. What is the expected value of the p..
There have been significant discussions on the government's fiscal policy during the Great Recession. In particular, many did not like the government's actions in salvaging the auto industry in providing guaranteed loans to GM and Chrysler. What is y..
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand. If a surplus exists in the pizza market, then the current price must be _________ (higher or lower?) than the equilibrium..
The BRICS (Brazil, Russia, India, China, and South Africa) nations are increasingly important in international business. Provide a comprehensive description of the economy of each of these nations and identify reasons why the BRICS countries are grow..
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