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Assignment
I. Suppose that the Wall Street Journal reports that the prices of PC components are expected to fall by 5-8 percent over the next six months. Apply demand and supply analysis to evaluate the following two scenarios.
Scenario 1: You manage a small firm that manufactures PCs. What are the implications for your company? How would you prepare (think about contracts/suppliers, inventories, human resources, marketing)?
Scenario 2: You manage a small software company. How would you prepare (again think about contracts/suppliers, inventories, human resources, marketing)?
II. Refer to the required reading assignment (articles on the increase in Montgomery County's minimum wage) and answer the following questions.
Who would bene?t and who would be worse o? if Montgomery County implements a minimum wage of $15/hour?
The Dunkin' Donuts Franchisee claims that 130 jobs would be lost as a result of an increase in the minimum wage. Explain why or why not this is a plausible consequence. How would you conduct a study of the issue?
What is GIS and how is it related to Transportation Economics? What can GIS do to help transportation economists to save money? What impact might GIS have on future projects in transportation?
louise mcintyres monthly gross income is 2000. her employer withholds 400 in federal state and local income taxes and
Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real world example of pricing strategy for a specific U.S. company by identifying its..
define the different types of unemployment. explain which type of unemployment is most directly related to the economic
question 1in some ways monitoring is easier in a partnership than a corporation where shareholders monitor directors.
The supply and demand for Mandarin-English
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
Draw up the payoffmatrix for game and do PA and LA have dominant strategies? Explain your answer.iii. What is the Nash equilibrium? Explain your answer.
Consider a market characterized by the following inverse demand and inverse supply functions: Inverse Demand: P = 10 - 2Qd Inverse Supply: P = 2 + 2Qs. Find the equilibrium price and quantity in this market.
How would you approach the physician and what are the reasons for the unavailability of certain pharmaceutical items because of third-party payer reimbursement schemes?
Draw the production possibility frontier for the Home country with cloth on the horizontal axis and food on the vertical axis. Suppose the economy is engaged in free trade and the free trade relative price of cloth is given.(a) In your PPF diagram sh..
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