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What are 5 products that could be marketed in a variety of foreign markets with little customization? And what are 5 more products that clearly would require customization? What would need to be customized for each market?
Watch a video about a famous company, such as Google, Apple, or Walmart, that focuses on its treatment of workers and customers
Average visit per week equal 640 when the copayment is $40 and 360 when the copayment is $60. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage c..
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank ..
In perfect competition, according to theory, all suppliers or consumers are price takers. In practice firms like Purdue farms or jimmy dean bring a higher price than other brands. why doesn't economic theory apply to these organizaton? How are these ..
What is the law of marginal diminishing utility? We learned it in class today and I understood it a little bit but need more of an explanation.
Suppose we find out that a large number of individuals with advanced degrees in medicine were unable to find a job in the medical profession and are instead working at McDonald's flipping hamburgers. How would this be shown on a society's PPF graph?
The shape and/or slope of the marginal revenue curve under monopolistic competition, assuming a linear market demand, is: Similarly, monopolistic competition is like monopoly in that:
Consider random samples of size 60 from a population with proportion 0.20.
What are the costs and benefits associated with attempting to bar entry of other firms into this industry? How would a firm evaluate the desirability?
Assume that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition.
A company is planning a plant expansion that is expected to cost $10 million. How much must the company set aside now in a lumps-sum investment to have the money in 2 years? Capital funds earn interest at a rate of 12% per year, compounded continuous..
What are the risks inherent in biometric identity management and include steps to improve cyber-security as well as a discussion of privacy concerns.
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