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Describe Virgin Group's competitive strategy and mount an argument in favor of or against Porter's assertion as it relates to Virgin Group. Does your critical thinking about the firm's competitive advantage bring to mind concerns, or opportunities for how the firm could exploit its competitive advantage? Do you have actionable insights about exploiting strengths of the firm or insights about how the firm should defend against its weaknesses?
How can organizations mitigate commodity price volatility? What factors exist that facilitate or hinder the ability of firms to implement the techniques discussed in class to mitigate commodity price volatility risk?
q1. you have used particular bras well as well as type of sunscreen for several years but after discovering that some
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
Before World War II, Alcoa controlled the supply of bauxite in the United States. Because bauxite is a scarce resource that is vital to the production of aluminum:
A negative externality is? Which of the following assertions about pollution is generally agreed with by economists? Pollution problems generally represent. Legal constraints will always reduce the size of the economic pie.
A monopoly's demand curve is P = 200 – 3Q and its MC = $20. How many customers should this company serve? What is the price paid by each customer? What will be the company’s gross revenue in this venture?
Suppose a government is able to permanently reduce its budget deficit. Use the Solow growth model to graphically illustrate the impact of a permanent government deficit reduction on the steady-state capita-labor ratio and the steady-state level of ou..
A drought in Nova Scotia reduces the apple harvest, what happens to consumer surplus in the market for apples? What happens to consumer surplus in the market for apple juice? illustrate your answers with diagrams.
The operating and maintenance expenses are expected to be same whether you purchase the truck or lease it. If the minimum acceptable rate of return is 12% per year compounded monthly, should you purchase this lift truck or lease it?
A firm production function is given by q = f(k,l) = k·l. q0 = 100. w = $20, v = $5. At the point at which this firm minimizes the cost of producing q0, it uses how many unit(s) of labor and how many unit(s) of capital? NOTE: write your answer in numb..
The price of good 1 is initially at $1, and the price of good 2 is initially at $2, with $24 avaiable to spend. The price of good 2 increases to $4. If Duane’s utility function is U(X1,X2)=min(X1,2X2), then what’s the substitution effect and income e..
From a geographical standpoint, why is SPACE so integral to the survival of Capitalism as an economic system?
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