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The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
a) are two stark realities any business firm must recognize.
b) will reduce the revenue a firm receives and it should shut down.
c) is part of the process to a sustained pattern of profits.
d) means the firm has reached it shutdown point and should exit.
ZZ Tire Company started as retail installer of tires on cars 10 years ago. They now have 400 retail stores, installing about 10,000 tires per store per year and selling a total of 4 million tires. 5 years ago, they decided to start manufacturing thei..
Assume which a industry has "pricing power" also can segregate its marketplace into two distinct groups based on differences in elasticities of demand.
In "The Consequences of Mr. Keynes," James Buchanan and Richard Wagner argue that the "unwritten fiscal constitution" of an annual government balanced budget helped restrain the growth in government, but the Keynesian argument for a balanced budge..
q1. from the price elasticity calculated above we can say that if the price of x increases by 10 then its demand will
corporate profitability declined by 20 percent from 2008 to 2009. what performance percentage would you use to trigger executive bonuses for that year? why? what issues would arise with hiring and retaining the best manager?
Explain how does trade affect the production possibilities frontier. Illustrate what other factors can expand the production possibilites frontier.
q.q1. how would i approach this problem? assume that kathy drinks coffee as well as tea as well as is in consumer
Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.
q.q1. explain how a tight monetary policy could affect the amount of funds borrowed at financial institutions by
As manager of City Racquet Club, you must determine the best price to charge for locker rentals.
Elucidate what happens to real GDP when it is initially to the right of the equilibrium point and why. Indicate two public policies which would be appropriate for addressing this situation.
What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
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