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Westco Petroleum paid Sun Control Systems $42 million to design and install a computerized control system for its oil refinery located near Los Angeles. The computerized control system monitored and controlled almost every petrochemical process at the facility. The control system consisted of an extremely complicated configuration of computers and custom-designed software. One year after completing the installation of the control system, a junior vice president at Westco recommended shutting down the Los Angeles refinery because "the money spent on the computerized control system made the refinery too costly to operate." Evaluate the vice president's advice and provide any advice on the decision.
"Restoring Equity" through the example of the Senior VP at a Fortune 100 Company. Was the VP's reaction justified? Minimum 250words
It is mandatory that you use proper economic language or concepts such as “demand”, “supply”, “elasticity”, etc. on you posting. Additional research is required and strongly encouraged.
You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expiration is $157.40. What is your dollar profit? What if the stock price is $143.35? What is the dollar return?
Explain why some barriers to entry may have declined in importance with increasing globalization.
Compare how a one-time permanent increase in the price of oil (e.g. oil rises from $50 to $100 and stays at $100) would affect both countries
Graphical demand and supply analysis, explain the impact on price and quantity in the market for petrol if oil production is disrupted.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Kentucky Fried chiecken's success in Asia dramatizes the case for becoming a global firm. While KFC's market share in the United States has fallen because of American's interest in reducing their consumption of fried foods, KFC has become the fast-fo..
Can the researcher say with a 0.05 level of significance that the proportion of children not completing primary school is more than 1%.
Economists criticize monopolies because monopolies. A monopolist maximizes profits by finding
What market structure best characterizes the market in which University of Phoenix competes?
What is the p-value? What other assumptions are necessary?
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