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What product would you take overseas that is produced in the U.S? Justify the reasoning around that product and what country would you introduce it to and why?
What might the likely effect be for the world economy and particularly the United States economy if prices of all goods from China increased? How might this affect your disposable income?
Consider an economy in which the labor demand function is 40 - (W/P), the labor supply function is 40 + (W/P), the production is Y = 30 + 12L. Suppose the money supply is $333 and the velocity is 4. What is the equilibrium level of employment L* and ..
In the theory of the firm, economists consider the total cost Charles to be a function of the output level Q:C=f (Q) (a) according to the definition of a function, should each cost figure be associated with a unique level of output (b) should each le..
Describe a time when you experienced effective communication in a business environment and discuss at least three (3) reasons why you perceived the communication to be effective, and explain the resulting impact to the business.
Why does the assumption of independence of risks matter in the examples of insurance.
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
In finance and economics, the "Dow Theory" is a theory that states the demand for goods should be reflected in the amount of cargo carried by transportation companies and delivered to consumers and businesses. The Dow Jones Transportation Average (DJ..
Complete the following problems from Chapters 4 Managerial Economics: A Problem Solving Approach.
A country faces two petroleum product markets, foreign and domestic and there is no resale between the two markets. The inverse demand curves for the domestic and foreign markets are expressed as follows: Domestic: Pd = 100 - 15Q Foreign: Pf=60 - 2.5..
If government imposes on the firms in a polluting industry penalities (taxes) that exceed the actual value of the damages done by the population
What happens to the short-run average total cost curve and long-run average cost curve of a firm that hires clerical workers?
How else may lead time be reduced? Will transportation cost change with reduction in lead time? Discuss with examples?
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