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Discuss how the two cases in this chapter illustrate the major theme of this text: Changes in the macro environment affect individual firms and industries through the microeconomic factors of demand, production, cost, and profitability. Drawing on current business publications, find some updated facts for each case that support this theme.
2) Compare and contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
3) Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's and Wal-Mart?
4) What variables other than price appear to have the biggest impact on the demand for McDonald's products? How much influence does the company have over these variables?
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil
Compute the monthly payment and explain whether taking this loan is a smart business decision.
Discuss the capture of the regulatory agency and your prediction as to the capture of the replacement regulatory agency and the politicians in the future.
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
Could the oligopoly market structure benefit both consumers and businesses by forging common standards in industries that experience rapid technological change.
If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.
Find out the equation for the linear supply curve which fits this information. What would the new equilibrium price and quantity be if supply were to increase by 20%.
Illustrate what output level would a perfectly competitive firm produce.
Illustrate what is the effect of the price increase on revenue at the YSU campus store. Calculate the price elasticity of demand for Bottom Feeder Tacos using the mid-point formula.
Which of the subsiquent arguments is the president using to justify the trade restriction on ball bearings
Illustrate what is the relationship between marginal revenue also marginal cost as the firm increases output?
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