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Evaluate the following statement: "I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary (everyone is paid according to a set schedule and their remuneration cannot be adjusted by the manager), and I cannot fire them. Therefore, an understanding of the basic principles of organizational architecture will not help me be more effective in my job. Question is " Do you agree or disagree, and why?
Explain who are the winners, who are the loosers, we can better evaluate the net impact, if any, on the overall economy.
A nation has a lower inflation rate than all growth. What can be said about each of the following.
Bright Flashlight Corporation requires $300,000 to take a cash discount of 2/10, net 70. A bank will loan the money for 60 days at a total interest cost of $5,500.
GDP only raise by three quarters of the expected amount. Illustrate what factors might be responsible for this situation.
CEO pay appears to be on the rise again. Also executive pay in the US is about 20 times higher than it is in European countries.
Below are events that might affect supply of money, the demand for money, or the interest rate. Explain how each event may affect these three economic variables.
Assume you are an economic consultant for a big company that produces and sells lollipops that are shaped like the faces of Hollywood celebrities.
if you owe money to a bank. Will you gain or lose from an unanticipated decrease in inflation and how could inflation make people turn to exchange by barter?
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Calculate the real GDP in every year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two,
Assume Smith owns and works in a bakery located next to an outdoor cafe owned by Jones. The patrons of the outdoor cafe like the smell that emanates from the bakery.
Suppose that a firm is a perfectly competitive industry has the following total cost schedule: Compute a marginal cost and average cost schedule for this firm.
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