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Production plans
You manage a U.S. based company that makes shoe laces that you sell in a highly competitive market (your shoe laces are considered a standardized commodity by your customers). Your marketing staff predicts that in the upcoming year overall industry supply will fall by at least 4% because some of your U.S. competitors cannot continue to compete with foreign suppliers, but market demand will rise at least 2%. How, if at all, should you alter your production plans for the coming year?
Over the last three years, as the result of decreasing prices for digital cameras, the price of developing traditional 35mm film has increased 5% yesrly. How would I go about graphing this impact on the market for 35mm cameras.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Would an attempt to decrease the budget deficit not increase it. Does today's deficit not create tomorrow's surplus.
Economists also businesses almost always compare costs and benefits in their decision making.
Illustrate what happens to an individual person's demand curve for BlackBerry phones as the number of other Blackberry users declines.
Illustrate what range of labor input is marginal product smaller than average product. What is happenning to average product as employment increases over this range.
Explain what should the firm replace its old knitting machine, and if so, which new machine should it use.
Assume you are a stock market analyst specializing in the stocks of theme parks, and you are examing Disneyland's stocks.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
Explain how will the quantity of aggregate output supplied respond to the fall in prices. What will happen when firms and workers renegotiate their wages.
Assume the population over age. Elucidate what would be the measured unemployment rate.
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