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Suppose you work at Costco or another major, national, big-box store, and you do a market-basket analysis and identify the 25 pairs of items in the store that have the highest lift and the 25 pairs of items that have the lowest lift. What would you do with this knowledge? Costco (or your big-box store) doesn't have salespeople, so up-selling is not an option. What else might you do with information about these items' lift? Consider advertising, pricing, item location in stores, and any other factor that you might adjust. Do you think the lift calculations are valid for all stores in the United States (or other country)? Why or why not? Are the 50 pairs of products with the highest lift and lowest lift the best place to focus your attention? What other 50 pairs of products might you want to consider? Explain.
Why are most labor unions--whose constituents receive wages substantially above the minimum wage strong supporters of the minimum wage Why might unions composed of skilled workers who are pure complements in production with raw materials produced
what is the GDP 2.what is the net domestic product 3. what is the national income 4.if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year ?
Draw the consumer's budget constraint and optimal choice when three is no tax. Calculate the utility the consumer gets.
Illustrtae what is the Nash equilibrium without an enforceable contract. Explain why this is the likely outcome.
Almond growers in CA are very concerned. Normally, honey producers would keep their bees next to almond orchards, where the bees would gather nectar and pollinate the almond trees. Lately however, bee keepers have moved to Arizona where it is chea..
During the Great Depression, federal government swung into action to help farmers. In 1933, it established a system of price support for several agricultural products.
Why is an exporter that is to be paid in six months in a foreign currency worried about fluctuating foreign exchange rates?
Discuss the unemployment rate, types, issues, and government policy of Australia and comment unemployment in various states of Australia. You need to specify in different region like NSW, WA, Tasmania, Qld or SA.
Explain two effects of an adverse technological shock on the labor market and on the output market - explain two effects of an adverse technological shock on the labor market and on the output market.
What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
Illustrate what is the value of a two-month call option to buy Sony at $26. Illustrate what is the value of a two-month put option with an exercise price of $26.
Howard Bowen is a big cotton farmer. The land and equipment he has a current market value of $4,000,000. Bowen owes his local bank $3,000,000.
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