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Question: Why are incomes distributed so unevenly? Identify and explain three major causes of inequality.
how do you define social diversity and business ethics? how has a more diversified labor force affected the corporate
John Maynard Keynes believed that wages may be inflexible in the downward direction. Consequently, an economyA) could get stuck in long-run equilibrium. B) could get stuck in a recessionary gap. C) could get stuck in an inflationary gap. D) would alw..
discuss how you would convince businesses to increase exports and how you would put an ad campaign together directed at
Pop Dillard keeps hundreds of dollars in his mattress, saying he's distrusted banks ever since the Great Depression. Does the money he holds in his mattress provide a service to him
How would this results be affected if consumers were reluctant to shift purchases from one firm to another because of consumer switching costs?
As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Compute the optimal (profit maximizing) ..
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
Outline a plan that will assess the effectiveness of the market structure for the company's operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium pr..
Use a supply and demand diagram to illustrate the following conditions a. Cost -push inflation caused by a labor union successfully negotiating for a higher wage. b. Demand-pull inflation caused by an increase in demand for domestic products from for..
What is her optimal bundle of contingent claims?
Instead of asking for a price, you offer to give them the product in exchange for 50% of their cost savings. Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.
Assume also that South Africa is a net importer of maize and imports maize mostly from the US. The FOB at US Gulf port is US$350 per tonne (1 tonne =1000 kg). Assume freight, insurance and unloading (FIU) cost at Durban is 150 Rands per tonne.
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