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Imagine a large multinational firm producing consumer products which announces to cut 20,000 thousand jobs, close 100 plants and rely more on the internet to purchase its supplies. Imagine that the multinational plans to use part of the saved money to increase the promotion of some of its leading brands with the hope to boost sales and increase profits. If the multinational meets these targets what is likely to have happened to its total costs, total revenue, average costs and average revenue? Explain your answers supporting them with theory and illustrations (graphical and/or numerical).
Many hotels charge higher prices during the holiday period and yet there is higher demand for hotel accommodation during these periods. Is this a violation of the law of demand? Explain your answer and use theory and illustrations to support your arguments (graphical and/or numerical).
What market structure best characterizes the market in which universities compete? How does this structure influence the university's pricing strategy?
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
When do assumptions create in conjunction with economic theorizing have to become realistic? Can unrealistic assumptions provide useful outcomes?
Imagine you have a price weighted index made up of 2-stocks, Stock A and Stock B. The price of A equals $30 and the price of B equals $70.
Suppose an airline flying on the Charolette-Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travellers. ..
how many units should be produced by plant 1 and plant 2 to maximise profit for this monopoly
Discuss and explain the differences between short and long run costs and for the short run, discuss what the relationship is in cost theory and production theory and concept of diminishing returns?
Find out the Marginal Revenue and Marginal Cost
Determine the effects on American wages and purchasing power of continued outsourcing of labor overseas. Find some of the reasons for these trends.
Explain a political, economic, or social interaction of decision makers that you have heard about in words. The condition should involve decision makers, available actions
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers.
The water company is privately owned and is the only water company in town. It is licensed and franchised by city for a 10 - year term, just renewed.
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