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You are the manager of Dunkin Donuts. Almost all of your donut sales are derived from the drive-through window. You know from experience that coffee is a complement for your donuts. The morning newspaper says that a major storm has just destroyed 50 percent of this year's coffee bean crop. Will this affect the level of flour you order? Will it affect how many employees you schedule? What will happen to prices?
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
If he continued to work exactly as many hours as he did before the wage increase, how much more money would he have each day to spend on consumption?
Explain demand schedule and demand curve, and how they are related? Why does the demand curve slope downward?
Business competition encourages efficiency of production and leads to improved product quality.
Compute the average product of labor, APL, when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the average product of labor change when the firm uses 81 units of labor.
Economies of scale and dis-economies of scale? What do these terms mean, when do they occur and how do they differ? Can you provide an example of economies and scale and dis-economies of scale.
An essential issue in international business is determining which components to manufacture in-house and which to outsource to independent suppliers.
How does an increase in the saving rate affect the break even and actual investment curves in the Solow model? Use graphs also.
What initially appears to be the problem? What really is the problem(s) in this case? How easy is it to switch suppliers? Why do firm’s single source contracts? What does it mean to get to the root cause of a problem?
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
q1. the sales tax rate applied to all purchases within a state was 0.04 4 percent throughout 2006 however increased to
Let us suppose that the consumer is choosing between beer and milk. The consumer will always prefer beer to milk. However, if the consumer has two choose between two consumption bundles having equal amounts of beer and different amounts of milk, then..
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