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Honda uses flexible plans in the manufacturing of its cars. Discuss whether this method of production results in optimum output. (This assignment must be 250-300 words in length and incorporate 3 cited references in APA 6th Edition format)
Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?
Which diagram should use to explain third degree price discrimination relating to sub-prime borrower discrimination?
The Aggregate Demand for goods and services in an economy must at every moment equal the value of Real Gross Domestic Product because both are defined to be the sum of (C+I+G+X-IM).
Think the market for personal computers. Assume that the demand is constant : the demand curve does not change. Predict the effects of the following changes on the equilibrium price of computers.
Explain why Chrysler's decision might have been prompted by movements in its wage costs or capital costs, or both. Why would Chrysler have instituted this production change for its most popular
Describe how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor an increase in immigration
Suppose you are the manager of College computers, a producer of customized computers that meet specifications needed through the local university.
If there are diminishing returns to the variable input, will average variable cost necessarily increase with increase in output?
Provides a background commentary on the cost structure and the level of competition experienced by your firm/industry. You must include demand and supply factors, fixed and variable factors/costs, price elasticity and the aims of the firm/industry..
Starting in late 1970s and continuing through the 2000s, business environment moved toward relying less on government regulation and more on marketplace to get desired economic targets.
Assume the labor force decreases in size due to the large number of people reaching retirement age and subsequently entering retirement. At the same time real interest rates in the economy fall. What will happen in the economy?
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