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1. What is software firewall? What is hardware firewall? List some example products.
2. List the pros and cons for each of them. Companies usually use both at the same time, discuss the reason.
Suppose that Italy and Sweden both produce jeans and stained glass. Italy's opportunity cost of producing a pane of stained glass is 4 pairs of jeans while Sweden's opportunity cost of producing a pane of stained glass is 10 pairs of jeans.
A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production. How much output shoul..
The United States makes up approximately 4% of the world population but generates more than 20% of its income. The most recent number is $52, 587 per person versus a world average of $10, 163. React to this as a Utilitarian, a Rawisian, and personall..
Consider a small open economy that maintains a fixed exchange rate. Explain what effects a reduction in the interest rate that prevails in world financial markets would have on each of the following domestic variables after the economy has adjusted t..
Suppose that consumption spending accounts for about 60 percent of GDP on average, while investment and government purchases each account for 20 percent of GDP on average. What will happen to real GDP in 2018, and what are the contributions of consum..
In the Friedman-Lucas money surprise model, suppose that the central bank wants to reduce the price level. Suppose the central bank has two options: (i) announce in advance that the money supply will decrease; (ii) surprise the public with a decrease..
What are the elements of the strategic management process? How are these interrelated? According to the I/O mode, what should a firm do to earn above-average returns? What does the resource-based model suggest a firm do to earn above-average returns?
Juno Manf. Company has decided to build an expansion of its manufacturing facility that will cost $63,022. It has arranged thru the small business association to borrow $36,281 from Allied Bank at an annual interest rate of 6.27%/yr. It will use mone..
What are the advantages and disadvantages of being the first mover in an industry? Give some examples of first moverand late mover firms and were they successful?
a) How a lender can lose from inflation if the inflation is unanticipated and the loan is a fixed-interest-rate loan.
If the price elasticity of demand of a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5 % decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will?
A competitive firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q> or = 0 that maximizes its profit.
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