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If the U.s dollar were to appreciate substantially, what steps could a domestic manufacture like Cummins Engine Co. of Columbus Indiana, take in advance to reduce the effect of the exchange rate fluctuation on company profitability?
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
If Microeconomics is considered to be study of scarce resources. In which customers must make allocation decisions. These 3-basic trade offs include which products or services are to be manufactured
on what does the domestic currency price of a nations imports depend? what would happen to the domestic-currency price
develop a three- to four-page analysis excluding the title page and reference pages on the projected return on
Suppose the movie theater cannot price-discriminate and needs to charge both students and professors the same price per ticket. If the movie theater charges $5, who will buy tickets and what will the movie theater’s profit be? How large is consumer s..
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a
Why would suppliers be willing to accept prices that cover variable costs, but do not cover total costs? How does the answer depend on whether the decision is a short-run or long-run decision?
What are some ways public policymakers can reduce demand of cigarettes (shift of the demand curve)? Assume the government decides to implement the tax on cigarette manufacturers in order to raise the price of cigarettes. How much does the amount of..
jack welch is heralded as a great leader of general electric ge. his strategy to acquire companies in different lines
a. increase aggregate demand by cutting government spending or raising taxes.b. decrease aggregate demand by cutting
Suppose the formerly competing ?rms in question 3 form an employers' association that hires labour as a monopsonist would. Describe verbally the effect on wage rates and employment. showing the monopsonistic wage rate and employment level as W2an..
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