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Use Managerial economic theory to anwer those Questions in detail please
1. You are one of the few distributors of light switches in your city. You sell your switches in large batches to building contractors. You have noticed that contractors who build residential housing are more price sensitive than contractors who build business units. Assuming your current price is optimal when selling to both groups, would it be a good idea to lower the price to residential contractors and raise it for business contractors?
2. Coal consumption tends to change with the economic cycle - declining during a recession and increasing during a boom. As a result we would expect coal prices to vary a lot with the economic cycle. Would you agree or disagree?
3. Some wine imported into China faces an import tax (for example wine from the European Union is taxed at 14%) while wine from other countries (such as New Zealand) is not taxed. Would it be more or less efficient to tax wine from all countries? Currently, the tax is levied on importers. Would it be more efficient to tax wine drinkers instead?
What is your opinion on the regulation of international global labor standards? Should all countries follow the same standards? Would it even be doable to implement? Do you think these standards would eliminate issues such as child labor and slave..
Using your textbook and recent publications, develop a report on the current and upcoming trends in the restaurant industry. Your report should include news information about food, marketing, nutrition, equipment, technology, new services, and new..
Synthesis using key elements or decision criteria
You are an accountant for The Flower Shoppe. Your supervisor has asked you to help her prepare the year-end financial statements. Before you do, she wants to ensure that you understand some main points.
1) How are scarcity, choice, and opportunity cost related? 2) What are the effects of an increase in the minimum wage in the U.S. economy? Who would be most affected? 3) Why is elasticity of demand greater for goods that are a large share of a consum..
National Culture, Heterogeneous Nation, and Perceptual Gap - Hofestede's research indicates that national cultures exist. Do you believe that in a heterogeneous nation, such as the United States
When a company reviews sales, costs, and profit projections for a new product to find out whether these factors satisfy the company's objectives, they are in which of the following new process development stages? a. Concept development and tes..
financial statement applicationas eecs corporate business financial analyst you will be required to provide the eec
What are the key strategic challenges facing Apple Computer?
Describe Great health care organizations and great health care systems address these three major concerns effectively and efficiently
Two most important topics for organizational behaviour in a global environment.Organisations in a Global Environment
Using one of the three ethical approaches we studied in Modules 1-3, describe the ethics of this situation in the context of the benefits - also the costs - to Air XYZ of choosing to notify the FAA also consequently, choosing to voluntarily groun..
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