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When do sports marketers use personal selling? Describe, in detail, the steps in the strategic selling process?
It is not uncommon for someone to say something like “if we can put a man on the moon we should be able to… ”, followed by the person’s favorite project. What response can an economist make to this person?
Suppose the policy makers in this economy are proposing an increase in taxes T such that?T = 10. Find the output absorbed by the change interest rate due to this shock. Notethat this is NOT the change in equilibrium output. In fact, it is the reve..
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
Compute the value of this stock with a required return of 11.5 percent.
Let the random variable X equal the size of the student's class. Define the PDF for X. (Enter your answers as fractions.)
Suppose that you increase production from 100 to 101 units of a good. After doing so, your TR remains unchanged. Is the price elasticity of demand for this good elastic, inelastic, unitary elastic?
Suppose Firm X is a monopolist and is receiving positive economic profits. Illustrate what prevents other firms from directly competing away the profits.
Using the underlying logic of Transaction Cost Economics, explain why organizations are necessary in dynamic, hypercompetitive market environments.
Globalization and technology developments have led to some significant changes in the global economy. Discuss the importance of such changes to the United States. What is the impact upon supply chains? Optional: Use your own company as an example
When Pitney Bowes found itself spending over $4 million for such activities as hazardous waste disposal, it began a program to eliminate environmental problem even before products are created and placed in the market.
Rachel’s preferences for goods x and y are represented by the following utility function: U(X,Y ) = X1/2.Y 1/2. Find the marginal rate of substitution. Comment if it is increasing, constant or decreasing in x. Graph the indi?erence curves correspondi..
Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is the rate of job separation (s) ? What is the equilibrium unemployment rate (u) ?
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