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Here is a "dynamic technology" question - When it comes to automobile production it is an accepted fact that American automakers did not readily adopt and use Asian and European technologies in the production of cars. The result was a loss of global markets for the American producers. So the USA government imposed tariffs and other restrictions on the import of foreign cars. In response the European and Asians constructed production plants in the USA in low-cost, non-union states like Tennessee and Kentucky. As a result the Americans (especially in the Detroit factories) then begin to integrate the Asian and European technologies into the production to compete with the new arrivals. Part of the new technology was to substitute capital (adding robots) for labor in the production of cars. Using isoquant maps, show the typical American car maker production function prior to the new arrivals. How might the maps change after the new arrivals arrived? What might be different between the two isoquant maps with respect to the height of the maps and the expected RTSs on the maps?
The narrator is consumed by the idea that human begings do not actually have free will. How is his free curtailed on the nadir, and how does he fight back.
Elucidate which firm's product provides the greatest value-created.
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
A manufacturer has been selling 1600 television sets a week at 370 dollars each. A market survey indicates that for each 36 dollars rebate offered to the buyer, the number of sets sold will increase by 60 per week. Find out the demand function.
explain how many smoothest sold by each firm, and illustrate what is the profit made by each firm.
Illustrate what would be the best advice to give him knowing which this is his only source of income.
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
Illustrate what means does it use to hedge against exchange rate risk. Using this information, illustrate what do you think would be effect of increases/decreases in dollar's exchange value on firm's profitability.
Illustrate what are the optimal prices for each product if you sell these products separately. What are your firm's profits. Explain.
Insurance agents receive a commission on the policies they sell.
Select also research an industry where there has been a pattern of change in a particular market model
Provide optimal wage-bonus package, compute this employees' effort, expected payoff and employer's profit. Draw a game tree for employer-employee game in parts a-c.
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