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Please analyze a current events article that deals with a highly competitive industry such as online advertising. Your analysis should include the factors driving change in the industry. Decide if there are potential changes due to globalization or technology that might affect this industry? And if so, what are they? Explain.
Most nurses in the United States receive their education in community colleges. Mainly because of differences in class size, the cost of educating a nurse is about four times that of an average community college student. Community college budgets dep..
For each of the following items, identify whether it is included or excluded in calculating this year's GDP. In each instance, briefly explain why. (Note: since you are not responsible in this course for "Measures of Income" section in Chapter 5, non..
A MRI technician takes 45 minutes to complete a MRI. Each MRI costs $66 in supplies, and the technician earns $38 per hour. The rent of the machine is $840,000 per year. What is the incremental cost and the average cost of a MRI when the monthly v..
"The price on wheat has fallen from $9 a bushel to $7 a bushel in the past seven months as rain and snow fell on the southern states." [Source: The Wall Street journal, February 12, 2013] Explain the effect of the fall in the wheat price on the marke..
An investment bank is planning to interview 10 job candidates, randomly chosen from the applicant pool. Individuals differ in their abilities to put together deals and perform other functions that are part of an investment banker’s job.
The quantity of an input, such as machines or workers, which maximizes profit is the quantity for which
The following report appeared in the New York Times on August 7, 1989: “A soft landing would not force the Federal Reserve to push interest rates sharply lower to stimulate growth. Interpret this paragraph using the short run model of exchange rates ..
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixth year. After 2 years service the company, having surplus profits, r..
Gross domestic product (GDP) measures: Which of the following is considered an increase in investment in the calculation of GDP? Which of the following activities would be included in the calculation of U.S. gross domestic product in 2004?
Other things the same, if technology increases, then in the long run
Suppose that the required reserve ratio is 6.25%. If the Fed sells $350 million of bonds to the First National Bank. What happens to reserves and the monetary base? What will happen to the money supply? Show the changes in First National Bank's balan..
The expenditure multiplier concept of the aggregate-expenditures model:
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