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As a manager, it is important to understand how the business cycle affects supply and demand, prices, and how economic shocks will impact your company's markets, supply chain, and financing. The recent collapse of the housing market, the near failure of our financial system, the wild swings in commodity and stock prices, and the deep recession of 2007-2009 provide a virtual laboratory for the study of the economic shocks and stabilization measures taken to restore equilibrium.
Create a 400 + word analysis based on your assigned market in which you include the following:
- Analyze the economic and sociological forces that drove the market equilibrium to unsustainable heights and the shocks that brought the markets back down. What might be done to moderate the effects of these economic swings?
For which of the following market structures does a profit-maximizing firm charge a price greater than marginal cost? A strategy that is best for a player in a game regardless of the strategies chosen by the other players is called a(n).
What is the relationship between income and exports?
Compare the political scientist's view of government and economic policymaking and the Public Choice conception of politicians, bureaucrats and special interest groups in the political process. Which do you consider to be more realistic for unders..
The maintenance foreman of a plant in reviewing his records found that maintenance costs on a large press had increased with sales of a product that will decline in the future.
Explain how the Keynesian model of economics was applied to the economic crises of the 1970's. Was it effective? Explain. Explain how government creates demand to correct market failure in order to address welfare policies.
There are two goods in the economy, anchovies (a fish) and bananas (a farm product). Draw the economy's production possibilities before and after a natural disaster that lowers the banana harvest but does not affect anchovies.
Identify who has the absolute advantage in painting rooms? Who has the absolute advantage in installing windows? Briefly explain how you derived your answer.
consumers choices are prey to subtle discrepancies that arise in cognitive accounting. learning how and when you are
In Virginia, what is the marginal rate of transformation between wheat and cotton - Does Player A have a dominant strategy
Using the following data (billions of dollars) for a given year, calculate the balance on merchandise trade: the balance on goods, services and income; and the current balance. Indicate whether these balances are deficits or surpluses.
Suppose that the market for gnomes is yet to reach equilibrium, and that the current price and quantity in the market for gnomes.
Consider a public utility providing water service as a natural monopoly to residents of a city. The market (as defined by the city's boundaries) contains 100,000 identical customers, each of which has a demand function q(p) = 0.2875-80,000 whe..
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