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There is an old saying, "When in Rome, do as the Romans do." Do you believe that a business should conform to the business and cultural practices of the countries in which they operate, or should they adopt and remain true to the values of their home countries? If bribery is acceptable in Mexico, why shouldn't Walmart bribe local officials?
If so when GDP per capita increases why do saving ratios decrease when savings is income induced ie a rise in income increases savings and a decrease in income decreases savings?
Assume the growth rate of the software company and the interest rate are both constant and the software company will be business for years to come.
Assume there are two firms, A and B, buying labor in a market. They each have a constant level of VMP = 15. They face an upward sloping supply curve, W = 2L, where L is the sum of the supply of labor purchased by firm A, LA, and by firm B, LB.
What were the major factors that led to the drop In Sony's exports from Japan - In what Other ways has the strong yen affected Sony's bottom line
Suppose there are n identical firms in a market. each firm's cost function is given by C= 240+14q^2, where q is the amount that an individual firm produces. this means that an individual firm's marginal cost is given by MC = 30q. Also, the market ..
maria and emmanuel need to cut logs for shelter or gather food to stay alive per day. maria produces 10 cut logs of
Ginger's utility function is \(U(x,y) = x^{2}y\) .Prices are Px=8 and Py=2 and Income is I=240. a)Determine Ginger's optimal basket given these prices and her income. b)If Py increases to 8 and Ginger's income is unchanged, what must the Px fall to..
Explain the importance of free entry and exit in the perfectly competitive market. That is if free entry and exit did not exist, what impact would this have on the allocation of resources and on the ability of firms to earn above normal profits ov..
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
Economists often argue that a temporary increase in government purchases -say for military purposes-will crowd out private investment. Use the saving-investment diagram to illustrate this point, explaining why the curve(s) shift. Does it matter wh..
Explain how can the concepts of game theory be applied to buying through ecommerce or a retail store. Can you show me an illustration.
Price elasticity of demand is constant if the slope of the demand curve is constant, terms of quantity changes and price changes
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