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As a member of the Board of Directors of General Motors Corporation, you are continually concerned about the level of productivity of the company's work force. What can management do to create enhanced productivity levels in order to maintain a profit margin that is acceptable to the shareholders?
What type of externality would your neighbor playing his sterol loudly exemplify? Can the Coase Theorem be used as a resolution for this conflict? Why or why not?
You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From data collected on the Widget Market, you know that market demand has recently increas..
q. consider the following data on us gdp.year nominal gdp billions gdp deflator base year19962000 9873 1183 1999 9269
A company makes calendars and sells them for $10 each. cost per unit is: direct materials $1.50, direct labor $1.20, variable overhead .90, variable marketing expense .40. Fixed marketing expenses total $13000 and fixed admin expenses total $35000. W..
Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing quantity is 40 units, the profit-maximizing price is $160, and the marginal cost of the 40th unit is $120.
How would you determine the market structure of the video game industry (i.e., perfect competition, monopolistic competition, oligopoly or monopoly? Your discussion should focus on the key characteristics of market structure and how you might measure..
The idea of the Law of Demand, as applied to electric cars, assumes which of the following to be constant? When economists say that the demand for a product has decreased, they mean that: Which of the following will not cause a change in the demand f..
When a nation is producing on its production possibilities frontier, if more resources are used to produce one good, then the production of other goods
Which of the following tools has not yet been used to constrain growth in hospital costs? Economies of scale. Payments to hospitals from private insurers can be characterized as having reached which stage of a typical financial reimbursement cycle? ..
How much have global trade and global production (gross national income) grown since World War II? What parts of the world economy have grown fastest in the last 20 years? (Be able to name some countries)
Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.5 million for a plastic injection molding machine (which can be sold for a $2 million) and$100,000 in plastic injection molds specifically for t..
How large is economy of India? Indian GDP in 2010 was 78.9 trillion rupees,while U.S GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dollar. What is the ratio of Indian GDP to U.S. GDP if we do not take into account the differe..
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