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How does the philosophy of economist Milton Friedman influence the employees, executives/managers of the company and corporate decision? Discuss Ford or Lee Iacocca moral responsibilities to stakeholders and to the safety of customers. What ethical framework other than Free Market Ethics that applies to the corporate decision? How it may have influenced the executives of the company?
Which one of the following statements is FALSE about a market characterized by the market structure we call duopoly (that is an oligopoly with only 2 firms) under Cournot competition?
Now assume a 7% real discount rate. What would the present discounted value of the project be? Should the project still be approved under this discount rate?
Supply is given by the equation P=10+0.05Q. Demand is given by the equation P=600-0.05Q. Calculate the price and quantity at which the price elasticity of demand is equal to -1. How might you describe that point?
If, at the current price, there is a surplus of a good, then
Which of the following defines an effect time lag?
A diabetic's demand for insulin is almost completely price inelastic. Draw a set of indifference curves and an appropriate budget constraint that would generate such a demand curve.
Use an isocost-isoquant diagram to explain how a rm determines the least cost combination of labor and capital to produce a given level of output. What is true of the marginal product per dollar at the least cost combination of capital and labor? Why..
Explain your policy combination in details (This is an open ended question) - Which of the policies is/are a monetary? - Which of the policies is/are fiscal? - What are the differences between monetary policies and fiscal policies?
Assume that a hypothetical economy with an MPC of 0.75 is experiencing severe recession. By how much would government spending have to rise to shift the aggregate demand curve rightward by $30 billion? $ billion.
Are you for or against free trade Are you for or against NAFTA What is the economic basis for trade Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
The production department for a company requires 7200kg of raw material for manufacturing particular item per year. It has been estimated that the cost of placing an order is A 72 and the cost of carrying inventory is 25 percent of the investment ..
Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
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