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1. How can cross elasticities be used to help define the relevant firms in an industry?
2. Suppose the price of heating oil increases significantly. Discuss the likely short-run and long-run effects.
3. The Alexander Machine Tool Company faces a linear demand curve. Currently, it is selling at a price and quantity where its demand elasticity is 1.5. Consultants have suggested that the company expand output because it is facing an elastic demand curve. Do you agree with this recommendation?
What is the cooperative outcome and What is the noncooperative outcome - will they choose the cooperative outcome?
Suppose a 6-month put option on a stock with a strike price of $32. The current stock value is $30 and over the next six months it is expected to rise to $36 or fall to $27.
Utech Corporation bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per sixteen ounce bottle to retailers, who charge customers 75 cents per bottle.
Explain the difference between the short run and the long run as it relates to the firm's production function. Why is this distinction important to a firm's manager?
Provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers to meet production.schedules. Determine how managers would use your cost-benefit analysis to make this decision.
Would the world benefit from the general imposition of controls on the movement of international finance?
Could you please assist with this information. Assume that the industry you wrote about in Assignment 3 wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee ..
industry paper as a partial requirement for this course you will have to submit a paper on an industry of your choice.
Criticism the use of increasing government expenditure as a means of reducing unemployment.
The cross elasticity between Product A and Product B is 10. Do you think that Product A is likely to face an elastic or inelastic demand curve? Explain.
What potential problems exist in agency relationships? Is it worthwhile for shareholders to seek to completely eliminate incentive problems with managers and directors through means such as monitoring? Why or why not?
Calculate the marginal and average variable product of each unit of labor input and calculate total, average total, average variable, and marginal costs.
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