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A brief working definition of representative democracy, constitutional democracy, and republic forms of government. Then, explain how these concepts impact contemporary democratic governance. Provide specific examples to illustrate your points.
Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats ke..
Andrew belongs to a culture in which most people including Andrew have freedom in their economic and political pursuits. Further, this culture gives priority to Andrew's interests over the interests of the relevant social unit. Which of the following..
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...
Suppose that three risk-neutral bidders are interested in purchasing a Princess Beanie Baby. The bidders (numbered 1 through 3) have valuations of $12, $14, and $16, respectively. Which bidder wins an open-outcry English auction? What are the final p..
Consider a free market with demand equal to Q= 1000 – P and supply equal to Q = 20P. What is the equilibrium price and quantity?
Define three types of elasticity of demand. Indicate how you would use information from recent research paid by your company that the own price elasticity of your product is -1.2 and not -.08 as previously thought.
Figure 1 shows the shortrun cost curves of a toy producer. The market has 1,000 identical producers and Table 1 shows the market demand schedule for toys. At a market price of $21 a toy, what quantity does the firm produce in the short run and does ..
You are a self-employed profit-maximization consultant specializing in monopolies. Five single-price, profit-maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete
John buys shoes for $1 a pair and socks for $1 a pair. His annual income is $20. Now suppose the government institutes two new programs: first, it taxes shoes, so that shoes now cost John $2 a pair. Second, it gives John an annual cash gift of $10. ..
Explain how this may be related to the problem of adverse selection. What could banks do to try to reduce this problem?
How has the media influenced your cultural identity? Your religion? Your community? What other forces operate to influence your cultural identity?
Describe who else you will talk to in order to set the sales assumption forecast. How will you document this? How is the sales budget used to build the other budgets? Who is responsible and what standards for negotiations should be set during budge..
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