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What types of conflicts can occur during the planning cycle, and what modes should be used for their resolution? Please be prepared to defend your response.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Find a pop culture reference (from TV, movie, music, magazine...) of an economic concept. The reference can be anything we have covered in class.
How might globalization and advances in information technology affect the trade- offs between technical and agency efficiency?
A large food-processing corporation is considering using laser technology to speed up and eliminate waste in the potato-peeling process. To implement the system, the company anticipates needing $3.5 million to purchase the industrial-strength lasers.
The BIG Idea What is the relationship between foreign trade and the international value of the dollar?
Suppose cookie sales fall as consumers become more carbohydrate-conscious. If the cookie industry is a constant-cost, perfectly competitive industry, this decline in market demand will cause market supply to?
What do economists mean by "diminishing returns" to an input? What causes diminishing returns?
Under the first plan he pays $0.25 per minute of connect time. Under the second plan, he pays a lump sum of $30 per month and only $0.10 per minute of connect time. Determine David's optimal consumption bundle and his choice between the two plans.
What is bribery, and what are the issues caused by bribery? How would you deal with bribery if you were faced with the issue?
On February 1, the Miro Company needs to purchase some office equipment. The company is short of cash and expects to be short for several months. The treasurer has said that he could pay for the equipment as follows.
(a) Develop a choice table for interest rates from 0% to 50%. (b) George's interest rate on his credit card is 20%. What should he do?
Hillary spends all her income on milk and cookies. Graph Hillary's budget line when income = $20, Pcookies= $1 & Pmilk= $2. Pick some point in the middle as her optimal choice and draw in the appropriate indifference curve. Redraw the two budget line..
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