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Identify a firm (not discussed in the textbook of sustaining competitive advantage) that once was dominant, but later became extinct. Explain how it happened.
"If we allow free trade in the automobile industry, some automobile workers will lose their jobs. This unemployment will make society worse off." What advantage of free trade does this argument overlook? How might the unemployment be alleviated at lo..
Suppose there are two inputs in the production function labor and capital and that this firm has a strange technology: the two inputs are perfect substitutes. The existing technology permits one machine to do the work of three people. The firm wants ..
Steve Slacker is age 25, has an MBA degree, but is not working. Instead he is living at a major ski area, using the $2,000 per week he gets from his wealthy family. Construct a single income-leisure choice graph to show Steve’s situation before and a..
What would the lending capacity of the banking system be after such a portfolio switch?
Can an IT system (client/server or web based) exist without a persistent data repository? If so how, and are there any caveats with this approach? If not why not- what are the reasons that make this difficult/impossible)?
Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and profits from an individual drug once it loses its patent protection. Then identify at least one strategy the company can use to mitigate..
Reflect upon a time when you worked with an ineffective leader? What made this person unsuccessful?
How does the change of consumer and producer surplus compared to the tax revenue.
The Hassman Company produces two joint products, X and Y. The isocost curve corresponding to a total cost of $500,000 is Qy = 1,000 – 10Qx – 5Qx^2. What is the optimum output of product Y? Can you be sure that the optimum output combination lies on t..
What is the difference between GDP and National income? How do both (GDP & National income) relate to economic growth? Explain.
A bank has a net income (after taxes) of $3.5 million; assets of $150 million; and bank capital of $12.5 million. What is the bank’s (i) return on equity; (ii) return on assets; and (iii) debt-to-equity ratio? Show your work.
Research Internet use policies on the Internet. Find the actual policies of real companies.
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