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Dream Business
Please respond to the following:
• Discuss the most innovative idea you can dream up for a new business. Explain why you think it would be successful.
• Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.
Compared to their levels in 2003, the poverty line has ________ and the minimum hourly wage has ________.
Demand for football tickets at a state university is Qd x = 80, 000−12, 000p. The capacity of the stadium at that university is 50,000 seats (In other words, Qs x = 50, 000). Find the marginal revenue curve that corresponds to the demand curve. Find ..
In Komino City, the taxi industry is regulated by the Government Taxi Authority. A company can only supply taxi services, in Komino City, if it is issued a licence by the Government Taxi Authority. Suppose that the Government Taxi Authority issues on..
Your firm, which operates a nationwide system of cancer clinics, has annual profits of $800 million and cash reserves of $500 million. Your clinics have a replacement value of $200 million, and fire insurance for them would cost $5 million per year. ..
An overallocation of resources in an industry means that for the last unit produced, In long-run perfectly competitive equilibrium, economic efficiency is achieved because. The desire to have government intervene to correct market failure and establi..
Zara, a clothing manufacturer and retailer based in Spain, is unique for providing just-in-time low-cost fashion. The company designs new collections in only four or five weeks, quickly reacting to trends, such as what is stylish on a music video, in..
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
XSU is located in the middle of a residential neighborhood. The residents of the surrounding 4 blocks notice that street parking is a problem while classes are in session. Explain under what conditions (if any) the building of additional parking lots..
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules and regulations in your chosen industry
A house painting business had revenues of $17,600 and expenses of $10,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
The Federal Reserve took money out of the banking system to raise the federal funds rate-the rate at which banks lend each other money overnight-from 4 percent to 4.5 percent. How does the Fed take money out of the banking system? Explain how doing s..
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