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"How can you use technology to better manage your customers and your territory? What types of technology do you incorporate into your daily duties? Please give examples (management software to manage a sales territory, e-mail, cell phones, etc.) Now, what is one technology you do not currently use, but would like to learn.".
When a firm has the opportunity to add a project that will utilize excess factory capacity (that is currently not being used), which costs should be used to help determine if the added project should be undertaken?
Suppose the monopolistically competitive barber shop industry in a community is in long-run equilibrium, and that the typical price is $20 per haircut. Moreover, the population is rising. Illustrate the short-run effects of a change on the price and ..
Characterize the current economic situation. Is there an inflationary or a recessionary gap?
When the prices reduces to $9 the restaurant sells 200 per day. Provide the absolute value of the price elasticity of demand.
Next, given the author's arguments and your expanding knowledge of macroeconomics, what counterargument(s) might you advance in support of the claim that current U.S. GDP is also its potential GDP?
Explain the government's options for expansionary fiscal policy & what they mean for the budget balance. Assuming that the economy is in a recessionary gap, graphically show the impact of expansionary fiscal policy on real GDP. Should the government ..
What is the efficient level of entrance fee and the number of visitors at this fee level (assume no congestion problems)?
1. Which of the following is a macroeconomic question? A How can a firm maximise profits, given the state of the economy?
Equilibrium discrimination and crowding. Suppose there are two occupations, chefs and truck drivers. Draw hypothetical supply and demand graphs for men and women to both occupations assuming that some of each gender prefers each job. Now, assume that..
“If Congress cuts out the NASA space station, we will have wasted all the resources that we have already spent on it. Therefore, we must continue funding it.” Newspaper and soft drink are priced almost the same around $1 per unit by vending machines.
Calculate the (point) price elasticity of demand when price is $100. Is demand elastic or inelastic? Calculate the (point) price elasticity of demand when price is $700. Is demand elastic or inelastic?
Decide whether each scenario would lead to upward or downward pressure on the equilibrium price for each good in bold font.
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