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1. Describe the evolution of the virtual organization. What are the pros and cons associated with this design? Provide examples of three technological devices/concepts that have had the greatest impact on virtual organizations.
Calculate the profit-maximizing price and quantity of output and economics profits if MicroChip acts as a monopolist and calculate the price/output combination and total economic profits that would result.
1. What is meant by the terms narrow money and broad money?2. Does broad money fulfill all the functions of money?
Discuss how AutoMart Repair Shop might look if it reorganized around the process of fixing an automobile. Discuss the pluses and minuses of the current structure compared to the more product- oriented structure.
Compare the relative merits of using GNY statistics with those of various basic needs indicators when assessing both the level and the rate of a country's economic development.
Does this policy fit with other changes that are occurring in organizations? Explain. Do you think all companies should "open their books" to lower-level employees? Explain.
Describe the make-up of American soldiers during Vietnam. As the antiwar movement deepened, how did soldiers protest the war? Evaluate the conditions soldiers returned to in America following their service.
Determine what changes in the relative proportions of labor and materials are needed to operate efficiently - Determine the marginal revenue function
Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen? Provide specific real world examples.
Japan primarily exports manufactured services, while importing raw materials such as food and oil. Analyze the impact on Japan's terms of trade of the following events:
What would be the impact of raising the federal minimum wage? What are the benefits of government regulation of air pollution from automobiles? What are the costs of this regulation?
The Johnson Company is the sole producer of clothing. What can the company do to induce Juan to purchase more clothing? Show graphically. (The graph does not have to be exact.)
Calculate the arc cross elasticity between Product B and Product A. Is B a substitute or complement for A? Explain. Does Product A follow the "law of demand"? Explain.
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