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Your dad is always trying different get-rich schemes. You decline his offer to help with the production process or to work. However, you agree to help him market the product through his website. His initial plan to provide 15 percent discounts to people based on their hair color - blonde people get a discount on vanilla ice cream, red-headed people get a discount on cherry ice cream, What is your advice to your uncle? Will the discounts based on hair color help to increase his sales revenue? Should he try other types of discounts? If so, what sort of pricing program would help dad make some profits?
You own and operate a chain of restaurants throughout the Atlantic States, and you have been in this business for over 40 years. From your experience, you believe your current store size provides the lowest average total cost for business in your industry. In the past two years, a new entrant into your market has built very large restaurants that are roughly three- times the size of your stores. They charge prices that are comparable to your prices, but they are getting a lot of attention and taking some of your market share. If you are correct about the industry cost structure and the new entrant has built stores that are far too large, what do you think will happen in this market? Should you respond by increasing the size of your restaurants? Are there other thinks you should do?
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents Explain, distinguishing between the short run and the lon..
How can you as a manager get people to change in the work environment? Tell us one concept that you think helps an employee/manager and how?
what effect do government intervention taxation and regulations have on economic behavior? explain. what are
1. On which does the aggreagate production dunction does NOT depend? A) thequatity of physical capital per worker B) human capital per worker C) the state of technology
Assuming that the market for raw meat is perfectly competitive, what would be the impact of government policy that tightens requirements for quality control by farmers (compliance with the policy requires using additional equipment for the qual..
Which of the following was an outdated notion regarding open source software and has been shown to be inaccurate? a. Open source software is free and its code is available for anyone to look at and potentially modify.b. Open source software code can ..
particularly on the retail end where drug dealers sell the drug to consumers in the U.S. What would you predict would happen to the economic profits of the drug dealer? Suppose the family in South America form a cartel What is the result of the ca..
Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies
A preisedefinition of globalization is difficult, because globalization is a processwhich removes economic, social and cultural boundaries of nation states.Discuss this process. Do you think that globalization is a win-win situationfor all countries?..
consider the following class of estimatorswsuba 1a1y11a2y21a3y31a4y4 where ai are the constants.a what restriction on
As a representative of Castor Insurance, your job is to maximize profit and minimize risk for the company. Based on your analysis of potential utilization, provide at least two reasons why each plan could be selected.
Assume the cubic function f (x) = x 3 - 15x 2 - 600- Create a table for the values of x from 6 to 20 and their corresponding values for f (x).
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