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Was Balagny Clothing Company better off keeping its operations within the US? Why more manufacturing companies are beginning to relocate to the US after enjoying the benefits of outsourcing to low labor cost countries? What are the determinants of profitability for global companies in the long run? What have you learnt form Apple, Google, 3M, IBM and IKEA cases?
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
Find an article about an event that would cause productivity and costs to change within a single market. What event is altering productivity or costs? Did the event occur in the past, is presently occurring, or may occur in the future?
John’s preferences over toothpaste (good 1) and beer (good 2) are represented by utility function u = ln x1+ x2. Prices are given by p1 and p2, and he has income of m. What fraction of his income does he spend on toothpaste?
Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.
q.consider a competitive market with 9 consumers each of whom will buy at most one unit of the good and 8 vendors each
Which of the following demonstrates the law of supply?
Sketch a supply-demand diagram of the US Treasury bond market to illustrate the effects on it of the developments cited in part A. Label your diagram clearly.
Suppose the market for operating systems were perfectly competitive. What price would be charged? How many would be sold? Would the firms in this industry be profitable?
q. george and john stranded on an island use clamshells for money. last year george caught 300 fish and 5 wild boars.
q. a pharmaceutical firm faces the following monthly demands in the u.s. and mexican markets for one of its patented
The nation of Potchatoonie produces hockey pucks, cases of root beer also back rubs.
Union B faces a demand curve in which a wage of $6 per hour leads to demand for 30,000 person hours, whereas a wage of $5 per hour leads to demand for 33,000 person hours. Which union faces more elastic demand curve.
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