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Why do you think it is important for managers to understand the mechanics of supply and demand both in short run and in the long run.? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the markets in which they are competing.
Calculate the Marginal Utilities ux and uy and the MRS for each of the following utility functions assuming that a,b > 0 are positive constants.
Do the relative salaries of humanities professors and football coaches at major state universities reflect the relative value of football and humanities? Do they reflect the number of years that professors and coaches must spend acquiring an educa..
Next, suppose that the government establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor? Demonstrate your answer graphically.
A businesses strategic choices are limited by economic conditions. When you arrive at strategy class, you will be asked to perform an environmental analysis.
At the end of 10 years, Alt. B is not replaced. Thus, the comparison is 15 years of A versus 10 years of B. If the MARR is 10%, which alternative should
Briefly explain with the help on an example what is meant by the Screening Hypothesis. Using examples, briefly describe the various types of discrimination present in an economy?
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
Assuming that interest rates for used car loans are normally distributed, approximately what percent of loans have an interest rate that is between 6% and 12%?
Come up with 2-3 economic indicators that appear to be currently going "rogue", or are going against rules that we have studied. (Ex: the Phillips Curve).
If a government’s money is backed by gold and global instability causes its mint parity rate to become to high as a result the country falls into a depression, can the governments central bank fight the recession by increasing the money supply? Expla..
Assume you are a producer and seller of wine. Elucidate whether the following events would affect the demand or supply of wine and the price you will receive.
Research the Internet and find a celebrated criminal prosecution case to analyze, such as a criminal case that received media attention.
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