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1. Both Grant and Sherman pursued a new type of warfare. Explain the change in strategy these men employed. Note a battle or campaign in which each man used this new strategy. Finally, was this strategy effective? Why or why not?
1.How would you go about deciding whether person A or person B gets more personal benefit from each of the following?
What would happen to the equilibrium price and quantity if income and the price of oil were both to increase at the same time? Give a brief economic explanation for why this would occur.
Suppose ZCorp has following short run production function Q = 50X - 2X^2 where X is the only variable input used by ZCorp to product its product, Q.
1.Why might it make sense for a firm which cannot sell its output at a profit to continue in production for the time being? For how long should the firm continue to produce at a loss?
Evaluate the proposal. Be sure to include in your answer the price elasticity assumed by the consultant, as well as the published elasticity estimate.
Find the competitive equilibrium prices and allocations. Draw the equilibrium in the Edgeworth Box and draw the Edgeworth Box for this economy, plotting the endowment point w and the indifference curves passing through it for both consumers.
How realistic is the sales maximization model from experience with business objectives as pursued by Zimbabwean firms
what profits they are earning on their business. does it can satisfy the norms for any business to be legalized and does they are paying taxes as per the rules. can also be taken in to consideration while legalzing the business?
An economist had estimated sales trend line for the Sun Belt Toy Corporation as follows:
If a firm wishes to break-even at 20,000 units, its variable cost per unit is $3, and its fixed cost per period is $40,000, its selling price per unit will have to be;
Explain how marketing communications can affect consumers cognitively based attitudes. Contrast emotional and fear appeals. Use an example to illustrate your discussion.
In most restaurants, waiters receive a big portion of their compensation through tips from customers. Generally, the size of the tip is decided by the customer. However, many restaurants require a 15 percent tip for parties of eight or more.
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