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Take any product sold at any large retail outlet, and discuss how the product could be positioned. Briefly describe your reasoning for this target for your specific product.
Consider the Rubinstein bargaining model of dividing $1 between A and B. A makes the first offer. If B accepts the offer then game ends. If B rejects the offer then B makes an offer to A in the next day. Suppose the bargaining game lasts for 4 days. ..
a) Discuss the relationship of Public Choice and Voting and explain the Voting Paradox problem that can arise.
A wage higher than the market wage paid by a firm in order to increase worker productivity is A. The real interest rate equals.
The two general types of economic systems that exist today are A. market systems and capitalism. B. laissez-faire systems and pure command systems. C. market systems and command systems. D. socialism and central planning.
Calculate the tax rate (in %) for the following cases
Why is it important that prices are flexible in the economy? Do you think government should be involved in manipulating prices?
Where A,a, and b are positive constants. solve for the marginal products of capital and labor. for what values of a and b will production function exhibit diminishing marginal returns to capital and labor?
Identify the specific cost accounting system an organization utilizes and how it uses the accounting information for financial management.
The utility function of a consumer is given by U = log(b) + log(c) where b and c are the consumption levels of barley and corn. Assume that the price for both goods is $1 and that the consumer has an income of $100. Assume that the government introdu..
Why do restaurants shut down at a certain hour of the day, say 10:00 p.m? Why do movie theatres still show movies that have just a handful of movie watchers? What is the difference between accounting profit, economic profit, and normal profit?
Savings of $5600 per year can be achieved through either a $14 000 machine (A) with a sevenyear service life and a $2000 salvage value, or a $25 000 machine (B) with a ten-year service life and a $10 000 salvage value. If the MARR is 9 percent, which..
Sports economics questions. (Please answer them now
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