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Question 1: Price Controls
In some cases, the market system is not the best. One reason for this is that for some goods and services, such as health care and defense, people do not like the outcome of the market system. Another reason is that the market system is inefficient under some circumstances. When the market is not the best system, the government is often called on to allocate resources and goods. A price ceiling is a government mandated maximum price above which legal trades cannot be made. A price floor is a government mandated minimum price below which legal trades cannot be made. (a) What are some negative effects of price ceilings and price floors? (b) Explain with economic reasoning what would happen to the supply of health care services if the government put a price ceiling on the health care prices.
Question 2: Application of Supply and Demand Principles
Discuss three possible solutions for reducing traffic congestion on heavily used freeways (highways). Be sure to explain what effect each would have on the supply and/or demand for freeway space.
Providing two distinct options and arguing the benefits and costs of each. You are the Vice President for Transport of a medium-sized company.
Tuff Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations.
A high school student is trying to decide what to do after high school. She could get a job, where she expects to make an average of $25,000 per year over the next 10 years. She assumes she will have no problems finding a job. Assume there are no tim..
Select the appropriate forecasting method and forecast the demand for the years 2010 to 2012. Determine the production and subcontracted quantities per quarter.
Financial and legal implications of international trade focus on business and capitalisation of both companies, and how they would fit into chinas socio-economic system.
Compare and contrast the supply chain and distribution strategy for Target and Wal-Mart? How do they differ? - Describe the bull-whip affect, the causes, and associated remedies.
Write a minimum 1-page paper and discuss the differences between EHRs in ambulatory and acute care settings. Address infrastructure, data presentation and use, and pharmacy benefits management vs. e-MAR.
Prepare a supply chain assessment. Develop a transportation plan that addresses how to move goods to the chosen country.
Maximize total profit next quarter, how many cases of relays and capacitors should Harkin Electronics produce during that period? If your answer is in fractional units of cases that is acceptable - do not round to whole number of cases.
Supply Chains are only of any interest to customers when they go wrong. Therefore, Supply Chain Resilience is considered as a very important factor in modern Supply Chains
What are your thoughts on introducing innovation into the framework and industry dynamics change and new technology is introduced that could create quality improvements or efficiency if the current framework is enhanced.
1.Baker Machine Company Is a Job shop that specializes in precision parts for firms in the aerospace industry.
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