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When implementing customer relationship marketing, why might a business desire fewer customers over more customers? Explain why the focus of marketing may NOT be to acquire as many customers as possible.
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How might increasing the level of government transfers reduce the size of the economic pie? Check all that apply. Greater transfer activity diverts productive resources into rent-seeking activity. Higher taxes may be necessary to finance increased tr..
Using the information you have learned so far in this class, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future ..
Assume an economy without foreign trade (closed economy). The central bank perform a expansionary monetary policy and decreases the interest rate through increasing the money supply (one time). How does the production, price level and interest get ef..
Consider the iron ore production industry, and assume that there are just two producers, FM and BHP. Initially assume that both firms are identical in terms of their production costs. If the two firms can cooperate, what should they do in order to ma..
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
Suppose Canada has 100 workers and 160 units of capital whereas Mexico has 100 workers and 70 units of capital. Apply the definitions of factor abundance and factor intensity to sort countries and products. What would you expect the pattern of trade ..
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds.
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
Suppose that an initial $10 billion increase in investment spending expands GDP by $10 billion in the first round of the multiplier process. Also assume that GDP and consumption both rise by $9 billion in the second round of the process. What is the ..
Suppose that after the wage goes up in the Northern state, workers lose their jobs in the North and decide to move to the Southern state. This increases the population there. Adjust the graph to show what happens to employment and the wage in this So..
XYZ rapid prototyping (RP) software costs $20,000, lasts one year and will be expensed (i.e., written off in one year) . The cost of the upgrades will increase 10 % per year starting at the beginning of year two. How much can be spent now for an RP s..
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