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What market structure prevailed before deregulation of the airline industry in south Africa
Consider a consumer that only purchases two goods to maximize his/her satisfaction. He/she originally maximized his/her satisfaction, and suddenly his/her income decreased. Assume that good 1 is inferior and good 2 is normal. What are the implication..
Classify each of the following pricing strategies and explain. A local restaurant offers an "all you can eat" salad bar for $3.49.
On Juan's 26th birthday, he invested $6,500 in a retirement account. Each year thereafter, he deposited 7% more than the previous deposit. The account paid annual compound interest of 6%. How much was in the account immediately after his 35th deposit..
If this speculation proves to be reality could it put the brakes on rising living standards around the world as well as have negative ramifications for the United States?
A corporation has ten employees, all of whom want a more pleasant work environment. Accordingly, they are considering removing litter from the grounds of plant.
What are the arguments in favour of developing a global set of rules governing MNC investment?
The Green Company produces a chemical in a perfectly competitive market. The current market price is $40; the firm's total cost function is C = 100 + 4Q + Q2
1. You have been asked to test the disaster recovery plan for a small business in your area. The company has a backup that is well documented.
A firm's production function is qi = 4*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. Find the firm's short run cost function, if Ki is fixed at $100,000. If the good is exported around the world at a price of $1..
Illustrate what is level of utility the person will attain on a daily basis. Illustrate what will be the average level of utility attained per day during the year.
Explain how foreign exchange rates are determined. How do changes in interest rates, inflation, productivity, and income affect exchange rates?
Graph the following scenario taken from the headlines recently. Be sure to focus on what is actually happening. “Central bank Governor Toshihiko Fukui has been predicting the economy's longest expansion in more than 60 years will spur profits and fee..
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