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Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. and became a great success. What would you predict would happen in the restaurant market for that city?
Draw a graph illustrating the likely changes in the shape and position of the demand curve facing the original “Ethiopian” restaurant in the above problem.
Inflation during the 1970s was much higher than most people had expected when the decade began. How did this affect home-owners who obtained fixed-rate mortgages during the 1960's? How did it affect the banks that lent the money?
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
illustrate what you observed in this company to your own work experiences.
Estimate the relative importance of economies of scale and comparative advantage in causing the following:Much of the world's most expensive wine comes from France.
Know that the far increase on cable car rides was 67%. Price is $5 one way. Prices were raised to help ease a $57 million deficit.
Visualize you are a manager for good or service used. From results of the deterioration equation, recommend strategies to either preserve demand if an increase over 3 periods occurs or improve demand
Suppose major officeholders from one particular party are not performing well and party is not monitoring se officeholders. In illustrate what ways could this situation affect party as a whole.
According to the theory of comparative advantage, nations gain from trade because
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
A city government in Arizona is considering a new waste disposal system. It has two options. Option A needs an outlay of $500,000 and requires O&M costs of $50,000 annually
A small start-up company invested in a new plant with an initial cost of $10 million. Operating costs for the plant were $3 million per year for 7 years. There was a special one-time charge of $1 million in year 2 to correct unexpected equipment prob..
Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.
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