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The Pennsylvania Consumer Protection Agency (PCPA) investigates the marketing practices of Respond Now!, Inc. The PCPA serves a subpoena on Respond Now!, ordering the firm to provide certain business records, including its marketing agreements with other companies. Respond Now! refuses to comply with the subpoena. On what is the company most likely basing its refusal? Is a court likely to support this position? Why or why not?
Out of the people who wear seat belts, northeast has 148. Out of the people who don't wear seat belts, northeast has 52. A total of 858 wear seatbelts in the United States. Illustrate what is the probability of seat belt usage by region of the cou..
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text). Select an economic phenomenon and determine which of the models d..
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
Find the optimal (x, y, λ) for max u(x,y)= kx^ay^b s.t. PxX+PyY = m, in terms of the parameters of the model. Prove that the optimal (x,y, λ) is indeed a maximum. Comment
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
Explain how many cars does the United States export. Suppose a car costs $10,000 on the world market. How much, then, does a barrel of oil cost on the world market.
A monopolist produces a product which has high investment cost. The marginal cost of the product is very small ( negligible ). The monopolist has a patent for the product. Show in a chart the price of goods that would arise if the company is unregula..
Legal and ethical issues can arise in any organization. How might these be different? What sort of relationship exists between the two? Provide an example of each from current events. What might the organizations involved have done differently to..
Suppose 100 identical firms produce in an initial competitive market: P=10-Q/200 and P=1+Q/200. Find the competitive equilibrium price, industry output, and firm output. If they form a cartel what would be the profit maximizing output and price.
You are the business adviser to a hyper market in Penang. You have been given the following information on the demand of chicken in Penang. Analyze the information below and advise the purchasing department accordingly.
Social responsibility other than to make as much money for their stockholders as possible. Explain why you agree or disagree with such a statement.
If we are measuring social welfare using a Utilitarian social welfare function and a change in resource allocation results in one person's gain exceeding another person's loss, we can say that the new allocation increases social welfare. Explain why.
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