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a. In 2009, the Japanese beer industry was affected by two economic events: (1) Japan's government imposed on producers a tax on all beer sold, and (2) consumer income fell due to the continuing economic recession. How would each factor affect (i.e., shift) demand or supply? What impact do you predict on industry output and price?
b. In 2011, the U.S. trucking industry faced the following economic conditions: (1) At last, the US economy was recovering from a prolonged slump (during which trucking had shrunk its capacity by 14%), (2) the government instituted new regulations imposing more frequent equipment inspections and restricting operators' daily driving hours, and (3) year over year, diesel fuel prices were up by 9 percent. For each separate effect, show whether and how it would shift the industry demand curve or supply curve. What overall impact do you predict on industry output (measured in total volume and miles of goods transported) and trucking rates?
Draw the graphs of the marginal product (MP) and the average product and draw the graphs of the TC and TVC curves. What is the relationship between these two curves?
the most common technology used for dry cleaning clothing uses toxic substances that if disposed of in drains will
Conduct a VRIO analysis of a successful firm or organization relative to one of its rivals. Contrast the value, rarity, imitability, and organizational aspects of its tangible and intangible resources and capabilities to those of its rival.
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You have been put in charge of electricity restructuring on the Isle of Mann. As part of the restructuring plan, it has been suggested to you that all wholesale electricity should be sold on the spot market at a price that is set every single min..
In the 1970s, regulatory agencies allowed electric companies to pass on to customers any increases in the cost of their fuel -- a scheme that reduced companies' incentives to reduce fuel consumption and costs. Considered in the overall context o..
Identify whether each of the following events in this scenario occurs in the resource market or the product market - Determine whether each of the following would more likely be studied in microeconomics or macroeconomics.
How does a generic drug differ from its brand name, previously patented equivalent Explain why the price of a brand name drug typically declines when an equivalent generic drug becomes available Explain how that drop in price affects allocative ef..
analyze the major short run and long cost functions for the low-calorie frozen microwaveable food company given the
Identify a non-global company and select a market entry strategy.
if current output is such that marginal cost exceeds marginal benefit should more or less resources be allocated to
what is sustainable development? give 2 examples. what is an environmental sustainability initiatives ? give two
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