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Use Managerial economic theory to anwer those Questions in detail please
1. You are one of the few distributors of light switches in your city. You sell your switches in large batches to building contractors. You have noticed that contractors who build residential housing are more price sensitive than contractors who build business units. Assuming your current price is optimal when selling to both groups, would it be a good idea to lower the price to residential contractors and raise it for business contractors?
2. Coal consumption tends to change with the economic cycle - declining during a recession and increasing during a boom. As a result we would expect coal prices to vary a lot with the economic cycle. Would you agree or disagree?
3. Some wine imported into China faces an import tax (for example wine from the European Union is taxed at 14%) while wine from other countries (such as New Zealand) is not taxed. Would it be more or less efficient to tax wine from all countries? Currently, the tax is levied on importers. Would it be more efficient to tax wine drinkers instead?
Explain the purpose of the frame check sequence (FCS) field in a data link frame trailer.
Mathis, Inc. is a designer and manufacturer of women's clothing and specializes in high-end women's winter fashions. Normandale, a retailer, sells high-end products in malls throughout the country. With Mathis's high costs, Normandale is unable to..
Create a related operational tactic for 3 distinct sectors of the organization such as marketing, finance, accounting, etc.
According to the Heckscher-Ohlin theorem, trade arises are due to
Discuss the merits of using arbitration, conciliation and litigation of internal and international business.
Hoping to increase the chances of reaching a performance goal, the director of a research project has assigned three separate research teams the same task
A key issue in Grasso's pay dispute was whether the CEO of the NYSE should be paid a salary comparable to that of a major corporate CEO.
What is the business? This doesn't need to be a company name but rather a description of the specific line of business to be undertaken in this other country.
Justify and explain your decision to lie about having the second offer, and what were the consequences of your decision to lie to the buyer.
Do you think it is wise for a top executive to fire a manager who is bringing in big sales and profits for the company but not living up to a cultural value of "showing respect for employees
Create a list of three best practices recruiters should use when screening potential candidates for a HR management position. Justify your selections. Create a new best practice for HR management based on the information that you learned in this co..
On a particular day during the most recent golf tournament, the organizer placed the hole (pin) in the back left corner of the green. 36 golfers played the hole with the new placement on that day. Determine the probability of the sample average nu..
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