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Nora's Nicest Knick Knacks has produces a variety of products sold as souvenirs. She started out printing local sayings on tee-shirts, e.g., FDNY, and purchased plain tee-shirts from a single supplier. Since then, she has added coffee mugs, key chains, souvenirs spoons and many other items. For each of these, she has lined up one or more suppliers. How does the change in the sourcing of her inputs affect how much of the value she creates that she gets to capture?
One of the limitations of Five Forces is that: Industries with high barriers to entry. Low cost strategies are usually found in industries where. Cigarettes - Price Elasticity of demand = - 0.67
Find a news story from the last 12 months that you believe impacted Aggregate Demand or Aggregate Supply. Provide a brief summary of the story and then explain why it impact AD or AS. Was it positive or negative impact?
1. Define what is meant by inventory carrying costs, and list its primary components.
Explain in detail rather than general in your recommendation.
In the Heckscher-Ohlin model, if the share of country’s capital used in Computers is higher than the share of country’s labor used in Computers, then Computers must be the capital-intensive sector. Consider a specific factor model with labor as a mob..
Explain elaborately the principle of long run equilibrium under perfect competition.
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per mont..
During class I showed you that under certain conditions capital structure, the mix of debt and equity the firm uses
Describe how the equilibrium wage and employment levels are determined. Depict how a legal minimum wage alters market outcomes.
Describe one or more specific examples of how businesses you know are using one-to-one communication to build a stronger relationship with you. (Note: Often these are little things done to build rapport and loyalty
In the history of the U.S. economy, which economic era saw both high unemployment and high inflation at the same time?
What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets? The cost of manufacturing corporate jets rises. Reduced corporate earnings lead to cuts in travel budgets and increase the share o..
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