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1. Suppose you are a marketer for a US manufacturer of pet supplies. Two top executives have proposed expanding the company by opening retail stores and marketing pets on-site-- puppies, kittens, rabbits, birds, fish etc. What are potential benefits and drawbacks of making a move like this? How would you advise your company to proceed?
2. Research the website of one of the following firms to identify its target market. Then outline a strategy for expanding that target market.
a. Quiznos
b. Target
c. Trader Joe's
d. Nordstrom
e. Dollar Tree
Assume a firm is currently employing 20 units of capital and 100 units of labor in its production process. Assume also that the marginal product of the 20th unit of capital is 40 units of output, the marginal product of the 100th unit of labor is 10 ..
A local ice cream shop in a beautiful Miami beach realizes that its ice cream sales go up along with the number of shark attacks. Assume you are the owner of the shop and you realize that shark attack can be an excellent predictor of ice cream sales ..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. At a price o..
Last year, Dylan and Crystal Evans bought a home with a dwelling replacement value of $350,000 and insured it (via an HO-5 policy) for $310,000. The policy reimburses for actual cash value and has a $500 deductible, standard limits for coverage C ite..
q1. if consumption increases by 12 billion when real disposable income increases by 15 billion what is the value of the
Provide examples of two industries with different time frames for the short run. Clarify why this is the case.
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
How would the following transactions affect U.S. exports, imports, and net exports?
Describe Okun's law. Do you believe Okun's law holds up in the current economy? Explain the relationship between unemployment and gross national product (GNP).
What is the relationship between business operations and CSR at BP - Does the organization consider CSR as obligatory or do they seek opportunities for CSR? In other words, is the organization reactive or proactive?
What single sum of money at t=4 is equivalent to receiving $5,000 at t=1, $6,000 at t=2, $7,000 at t=3, and $8,000 at t=4 is money is compounded at a rate of 8% per time period?
On Friday night, Elton and his partner Rodney are deciding where to go for dinner. The choices are Indian, Korean, and Mexican. Elton most likes Indian food and most dislikes Mexican food, whereas Mexican is Rodney’s favorite and Indian is his least ..
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