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Problem: Your company manufactures umbrellas, among other accessories. Six months ago, you projected sales of 5,000 units of your $16 umbrellas over the course of a year, so you produced 5,000 umbrellas. But so far you've sold less than half. What does this mean, and what is the best way to address the situation?
It is budgeting time again, and you would like to know the expected payoff (in terms of dollars collected) of spending an extra dollar on collection.
Would you expect quarterly US real GDP series to be stationary? Why or why not? Obtain data on the quarterly using real GDP from the website.
Economics 311: Intermediate Microeconomics - Microeconomics Problems. A monopolist faces the demand curve- P = 120 - 2Q, Find the profit-maximizing price and quantity. Suppose a union imposes a wage of $4 per hour. How many workers will lose their j..
Price is constant or given to the individual firm selling in a purely competitive market - most important pricing strategy for a perfectly competitive firm
In the past couple of years, there was much talk about the possibility of Greece leaving the euro zone and reinstating its earlier currency, the drachma. If Greece did leave the euro zone and reinstate the drachma, what do you think the US$/drachma e..
Implementing the new technology would take two full years. The first year, the company would operate at 65% capacity.
1 tell how they combine to insure that in the long run a firm in a perfectly compitive industry make zero profit and is
Many studies have shown that our sensory detection abilities decline as we grow older. Discuss the implications of the absolute threshold for marketers.
How does Dorothy Days life and writings reveal some of the religious beliefs we discussed this semester, such as: a sacramental/ analogical/ incarnational
What strategy do you think you'll use to construct an introduction?
Using the models studied in class, discuss what is meant by "crowding out", and how the crowding out effect works in an open economy.
The Microsoft antitrust trial (United States vs. Microsoft) has been one of the biggest investigations of antitrust behavior since the turn of the century. You are supporting the Government, research and present a cohesive argument to the other si..
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