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Give example of a particular trade deficit from your own experience, commenting on how the trade deficit affected strategic decisions for a firm. Discuss how the economic recession we've experienced has affected the U.S. trade position with key countries? What could Government do to help.
Given the following total profit function: π = 144X - 3X^2 - XY -2Y^2 + 120Y -35 1. Determine the level of output of each commodity at which the firm maximizes its total profit 2. Determine the value of total profit at the maximum output level
The Kuznets ratios satisfy the Dalton transfer principle. If the Lorenz curves of two situations do not cross, the Gini coefficient and the coefficient of variation cannot disagree. If a relatively poor person loses income to a relatively rich person..
Springfield Medical Associates, LLP, which has 10 doctor-partners, is engaged in the practice of medicine. One of the doctors, Teresa, is supposed to mentor a new doctor, Dan, but has been so busy she has been unable to do so. Dan recently committed ..
Calculate the range, variance, and standard deviation for this data series. Which measure does the best job of describing the dispersion in this variable.
Julon Petro Materials, Inc. ordered $8.5 million worth of seamless tubes for its drill collars from the Timken Company of Canton, Ohio. (A drill collar is the heavy tubular connection between a drill pipe and a drill bit.) At 10% per year interest, w..
Suppose that the U.S. government decides to charge beer producers a tax. Before the tax, 15,000 cases of beer were sold every week at a price of $7 per case. After the tax, 10,000 cases of beer are sold every week; consumers pay $9 per case, and prod..
Find out a product and describe its price elasticity and income elasticity. How much control might an organization have over pricing based on a product's elasticity.
The concept of "stagflation" which is a term created by mashing together stagnating and inflation that reflects a slowing or stagnant economy and an inflationary environment. From a corporate financial manager perspective, discuss the implications of..
If a company wants its promotion to appeal to a new group of target customers in a foreign country, how can it protect against its communications being misinterpreted?
Firm A has overhead of $1,000 a year and can produce 1,000 units at a cost of $1 per unit and units beyond that at a cost of $3 per unit. Firm B has no overhead and can produce any number of units at a cost of $2 per unit. Firm A has 3,000 customers,..
In many cases, particularly instances of hyperinflation, we do not observe a stable demand for real money balances that is proportional to real output (i.e, MD/p≠LxY). Explain how we alter the simple monetary model to derive the general monetary mode..
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
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