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1. Outsourcing of services by American firms has contributed significantly to wage growth in India. Explain why using a graph of the Indian labor market?
2. Chanel perfume is sold in France and in the United States. Assume initially that one Euro is worth $1.30 and that a 100ml bottle of perfume sells for $80 in the United States. If Chanel does not price discriminate internationally, what it the price that would be paid for this perfume in France? Now suppose that Chanel decides to price discriminate and finds that it would maximize its profits by lowering its price in the United States to $70 and raising its price by 25% in France. Explain why? Next, explain what happens if the value of the euro rises by 25% in terms of the dollar?
King Lear was worried about how his children would treat him in his old age. Much to his regret, he discovered that children do not always deliver what they promise. In addition to love and respect, children are also motivated by the possibility of a..
Consider making an initial investment in a fund paying 25% of $1,000 the first year and decreasing your investment by 20% per year. What would be the present amount equivalent to a four year investment.
In the USA buying and selling of human organs is illegal. Those who need organs cannot buy organs from the market and those who donate organs cannot sell their organs. In your diagram show the effect of this policy change. Will this policy increase t..
Compute the percentage that alter in quantity demanded of plane rides and train rides.
Arwen-i has income=96 and faces prices Px=4 for Good X and apt=10 for good Y. Find Arwen's Marginal Rate of Substitution and her utility maximizing bundle for each of the following utility functions.
Let market demand in the trinkets industry be given by Q(P) = 55−P. There are only two firms in the industry, and the total cost function for each firm be given by C(qi) = 10 + 25q, where i = 1, 2. Find each firm’s Cournot-Nash equilibrium output, pr..
complete the given Cases - HL BOLTEN-ARTIFICIAL LEGAL PERSON - Consumer law-Implied terms
Write a one to two page response on an issue that interests you within the topics of South Asian geography, climate, prehistory (including the Indus Valley Civilization), or Hinduism. Discuss your opinions and impressions in a scholarly fashion and u..
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Describe the innovation life cycle proposed by Abernathy and Utterback. Does the model provide a useful tool to guide and manage the innovation process? Do you see any weak points in the model?
Explain the most appropriate fiscal policy to help stabilize the economy. What are the implications of using fiscal policy to help stabilize an economy that is in a recession?
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
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