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DQ 1
What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How has technological innovations affected your organization?
DQ 2
What factors influence a firm's competitive strategies? How does global economic competition impact the price elasticity in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade restrictions? Who have been the winners and losers as a result of NAFTA? Explain your answer.
DQ 3
How do you define social diversity and business ethics? How has a more diversified labor force affected the corporate structure and the economy? What are some potential roadblocks, ethical or otherwise, in promoting a diverse workplace? Explain your answer.
Each year, public schools are rewarded with bigger budgets for achieving a rating of “excellent” or “recommended” and are punished for rating “needs improvement.”
From 2007 to 2011 the U.S. monetary base increased by 200 percent, but M1 and M2 increased by 40 percent and 25 percent respectively. What caused this explosion in the monetary base? Why didn’t M1 and M2 increase by the same percentage as the monetar..
Compute how much more output there is in this economy immediately thanks to this improvement in technology.
Suppose the price of labor increases to $2 per unit. What effect will this have on output per unit of labor and is this plant subject to decreasing returns to scale? Why or why not?
compare menas socio-economic and political structures with those prevailing in other regions of the world during the
in a meeting about whether to store inventory in a company-owned warehouse or rent a warehouse a colleague says we
Discuss the difference between how accountants and economists calculate profit giving example of costs each might use in this calculation.
Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
question 1 the economic implications of externalities 5 marks to parts a and ba briefly explain what an externality is
How can this relate to ones life in regards to economics and Purposeful Behavior
Derive and draw the firm's demand for labor while the firm's product is sold in a competitive market at $15, and the wage rate is $60.
What is the own price elasticity of demand when Px = $154? Is the demand elastic or inelastic? What would happen to the firm's revenue if it decided to charge a price below $154?
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