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Fast forward five years and you are the proud owner of Healthy Child, LLC. Health Child is a store with seven locations throughout Georgia which sells healthy child products ranging from clothing to toys to food items. One of your hottest selling items is JUICE PACK a six pack of different types of apple, cranberry and grape juices. You sell over $5,000,000 worth of JUICEPACKS a year so when Consumer Reports broke a news story on arsenic in apple juice, you took notice. What laws does it violate if your apple juice supplier has over the allowable limit of arsenic? Should you be worried as a business person selling this product? WHY? What can you do as business person to handle this situation? What can you do as a citizen? For this last question, I want a specific strategy for change.
Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax. Please actualy draw the supply and demand diagram for a full rating!
Evaluate the price falls all of these firms will be unable to stay in business and the industry will disappear by using a graph.
Over the last 13 years, since the Euro was introduced, what significant changes have we seen with Euro/USD exchange rate? Which currency has appreciated and which has depreciated over the past 13 years? What are two reasons for why this has occurred?
Bob’s utility function is given by . 0.5 0.5 U = X Y Bob earns $400. The price of X is $2 and the price of Y is $4. a. What is Bob’s optimal consumption bundle before any price change? b. Suppose the price of X increases to $4. What does Bob consume ..
A small city in Indiana has two residents, who are lucky enough to have a municipal golf course in their city. The marginal benefit of playing a round of golf for the first resident is given by MB1=70-5Q1, and the marginal benefit of playing golf for..
When the Bank of Canada's foreign exchange traders go into the market to support the Canadian dollar, they trade US dollars from Canada's reserves for Canadian dollars that other people are trying to sell. The Canadian cash resulting from this transa..
Select two subject and explain how they fit into economics- what do the subject have in common? How does it impact how you think about economics? What can you learn from it? and how can you apply it?
Sheryl spends all her leisure time and all her money on sailing. She doesn’t value leisure time if she can’t sail, and she can only sail if she has leisure time. How many hours will she work if she earns $20 per hour? Find a formula for her labor sup..
Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. Your marginal and average cost for dispensing a prescription is $2. What is the profit-ma..
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply..
the government imposes a limit on what producers may charge. cite at least two other ways the consumers may be "paying" for these goods
Does Zara experience disadvantages from its "fast-fashion" allocation system. Are these disadvantages offset by the advantages.
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