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Explain why a Joint Venture may well be the best way for a US auto manufacturer to enter the Indian market, or not?
An injection molder is purchased for $500,000 for a large scale commercial operation. Its expected life is production of 2 million plastic wheels. Its salvage value is $1,000. Using the units of production method, calculate the depreciation rate per ..
An apartment owner puts out an advertisement for a company to provide lawn mowing services for a number of apartments he owns. He has some idea of the going price for lawn services and so he advertises that he will pay $100 per month per apartment co..
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. Assume that the firms can only set integer prices, so if one wa..
Assume the market for a commodity is described by the demand and supply functions. Determine the equilibrium price and quantity in this market. Draw a graph to illustrate your answer and compute the consumer surplus and the producer surplus.
Name and describe three specific utility software tools that you would pick to improve your ability to render general, but effective, user support.
Higher levels of savings and investment characteristically lead to higher rates of economic growth. What can government do to encourage more savings and investment?
To set a tax rate at the appropriate level to maximize its tax revenues, a government must engage in
A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. Find the benefit (profit) maximizing level of ..
The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P. Find the new equilibrium price and quantity after demand increases 20%. P= ___ Q=___ (Roun..
In its rivalry with Westinghouse, General Electric instituted a "price protection" plan. This plan stated that if GE lowered its price, it would rebate the price difference to its past customers. Show that this plan makes collusion between GE and Wes..
Unemployment and how to use Fiscal Policy to address Recession. Background for this question: The US economy is currently experiencing recession according to the Federal Government. You can use only Fiscal Policy and the AD – AS model. 1. Using Fisca..
If they both hire consultants, they cancel each other out and they expect to get half the pot minus the consulting costs.
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