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1. Explain how agricultural price supports work and what the effects of the supports are.
2. What are the effects of an increase in the minimum wage? who would be most affected?
short answers
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
Which of the following statements is true about market power?
An indifference curve involving two goods identifies the:
The utility is given byu(x, y) = xy + y. What are the demand functions for x and y. Describe how demand curves for x and y are shifted by changes in I or the price of the other good.
Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..
Suppose the marginal cost of production for a company is $6 at its current production levels. Suppose the price elasticity of demand is constant at -2 between prices of $10 to $15, if current prices are $10, is the company pricing at the correct opti..
Nutritional Sciences LLC sponsor the “Quarter Million Dollar Challenge,” a contest requiring contestants to use the company’s nutritional products and training plants to lose weight and get in shape during A 13-week period. A panel of judges would se..
Dakota spends $56 a month at allthemovies.com on film-noir (FN) and sci-fi (SF) movies, which typically cost $14 each. The graph on the left shows her budget constraint and optimal consumption, point A. This month, SF movies are on sale for $7. Answe..
Hyacinth Macaw invests 62% of her funds in stock I and the balance in stock J. The standard deviation of returns on I is 14%, and on J it is 26%. a. Calculate the variance of portfolio returns, assuming the correlation between the returns is 1.0. (Do..
Explain how governmental instability can affect marketing and international marketing efforts. Is this evident today in terms of countries like Libya and Egypt? Prove your answer.
Negotiable instruments are transferred every business day of the year. Make a checklist for the potential buyer or holder of a negotiable instrument. Remember they are going to give something of value in return for this document and they don't want t..
Evaluate the competitors' existing production in the chosen country. Evaluate forecast sales in the selected country. Determine the type of economy that exists in your selected country.
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