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Should America modify its laws of corporate governance towards the Japanese model of Keiretsu? In what ways, positive or negative, would such a move impact the operations management of American firms?
The US government should be the catalyst for innovations in intermodal transportation.
Consider this statement. “It is estimated that leaky pipes and dripping faucets are the source of hundreds of thousands of dollars of lost water each year. Business firms could reduce waste by inspecting more pipes thoroughly and repairing water leak..
Why does the entry of new firms occur in a competitive market when price is above average cost for the existing firms? Provide real world examples.
Given the debates concerning the use of capital budgeting could you make an argument for the use of capital investments
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 3 million households is given by Q=11 – P so that marginal revenue is MR=11– 2Q. If consumers are successful in their lobbying efforts and..
What are differences between Cournot oligopoly outcome and monopoly outcome in terms of the equilibrium price and quantity? Explain why it is difficult to maintain a Cartel agreement (other than it is illegal). Explain the key differences between Cou..
Describe the economic factors that can influence the government choice between a general subsidy ( on all factors of production) and a specific subsidy (i.e. one factor of production) that involves the same level of expenditure.
During World War 2 gasoline and other consumer goods were in short supply on the home front so that maximum resources could be diverted to the war effort. In order to cut back on the consumption of these many products, rationing coupons were issued t..
An analyst needs to adjust the nominal GDP for the years 2000 and 2010 into real terms to conclude his comparison analysis. The nominal GDP in 2000 was $672 billion and $1,690 billion for 2010; the real interest rate was 6.79% in 2000 and 3.71% in 20..
For each of the following utility (of income) functions, decide whether they represent risk averse, risk neutral, or risk loving preferences: a) U(I) = 25 + 2I (risk neutral) b) U(I) = 2I^2 (risk loving) c) U(I) = 5I^0.5/2 (risk averse)
If this industry acts like a monopolist in the determination of price and output, compute the profit-maximizing level of price and output
Determine whether the following production function exhibits constant, increasing, or decreasing returns to scale
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