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You are a manager in an organisation which develops software for use on game consoles. Although you like to play computer games, you have no programming skills.
Your organisation is comprised of three managers, 36 employees who are responsible for programming, 12 employees who undertake administrative tasks, one employee in charge of compliance and two public relations and marketing officers.
The organisation is overseen by a board of directors.
You have been asked to review and improve workplace outcomes in consultation with relevant personnel. With whom will you consult and why? List at least six things you would consider during the review process.
Why is the theory of inflation that we have learnt in the class called classical theory - transaction whose value does not qualify as a part of nominal GDP
Read the description of the ultimatum game experiment in Section 13.6. How would you play if you were a subject in this experiment? What kind of offers would you make?
it has to be between 210-280 words for each bullet. consider that your team is a group of economic advisors working for
From the firms' point of view, what are some of the incentives to consolidate? Describe the competitive environment within the industry.
Obviously, the mortgage and real estate markets have not produced efficient outcomes here. Name and explain the two main categories of market failure that are evident in this situation.
Does knowingly paying higher prices for certain items just to be a "snob" violate the law of demand?
Since GDP measures the nation's output at current market prices, then if a good or service is not exchanged through the marketplace, it cannot and does not go into GDP A major difference between Classical economists and Keynesian economists is tha..
Currently, the island of Guam does not have a minimum wage need but uses the United States minimum wage as a reference. Give a theoretical justification for why imposition of a $5.15 minimum wage.
If the numbers of home and commercial users are equal, and you cannot distinguish between commercial and home users, what is the most profitable pricing strategy.
(i) Draw the market equilibrium for Ice cream. (ii) Find out equilibrium price and quantity.
what measure of GDP you are using (income based/expenditure based). Draw a graph (use Excel) to show GDP over time. List and discuss GDP's components
What is meant by constant opportunity costs and increasing opportunity costs? Under what conditions will a country experience constant or increasing costs?
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