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What is the difference between mediation and binding arbitration? What is the role of a strike in the bargaining process? Briefly discuss.
The 10 economic forecasters of a random sample were asked to forecast the rate of growth of the real gross national product (GNP) for the coming year. Suppose the probability distribution of the r.v.—forecast—is normal. The probability is 0.10 that t..
How does complexity in business process such as procurement (purchasing) cause an increase in cost?
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
The demand for good X has been estimated by Q xd = 12 - 3Px + 4Py. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity.
KimberlyClark, a household product manufacturer, reported earnings per share of 3.2 $ in 2014 and paid dividends per share of $1.7 in that year. The firm reported depreciation of $315 million in 2014 and capital expenditures of $475 million. Estima..
Which of the following best describes a policy which moves the economy to the left and up along a given short-run Phillips Curve?
For a good or service to be considered a ‘public good’, it must meet at least one criteria. Think of one good or service (other than education, healthcare, police/fire) that you believe is or should be classified as a public good and explain how it m..
Consider two markets. The initial equilibrium for both markets is the same, P = $4.50, and Q = 27.0. When the price is $7.75, the quantity supplied of cat food is 61.0 and the quantity supplied of snake oil is 109.00. The demand for both goods is the..
Explain what is meants by product mix efficiency and discuss the condiitions under which the market will give us product mix efficiency. In your explanation of product mix efficiency, you should discuss what slopes are relevant for product mix effici..
Kyle, Brian and Pam are all partners in a general partnership that is engaged in the business of event planning. Kyle contributed 45% of the capital, Brian contributed 40% of the capital, and Pam contributed 15% of the capital of the partnership. Wit..
A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. What are the elements that the production manager should consider in d..
q1. gary has two children kevin and dora. each one consumes yummiest and nothing else. gary loves both children
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