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David Raines is an experienced senior manager who wants to create a business that would employ him and provide for his family when he chose to retire. He also feels the pull of building his own enterprise and in turn wants to help others in his rural locality. Having recently been made redundant he is actively on the look-out for a business opportunity. Should David start up his own business, which of the following leadership style do you think he might employ? Why? Briefly explain your answer.
a. Transactional leadership
b. Charismatic leadership
c. Autocratic leadership
In the numerical example given in the text, the inverse demand function for the depletable resource is P = 8 -0.4q and the marginal cost of supplying it is
Patents allow a company to have a monopoly for a period of time. Monopolies result in lower quantity supplied and higher prices to consumers. Do you think companies should be allowed to obtain a patent on a product or not?
Describe the factors that influence the reliability of time-series forecasts. Under what circumstances would a time-series model offer a fairly reliable forecast?
The Johnson Company pays $2,000 a month to a trucker to haul wastepaper and cardboard to the city dump. The material could be recycled if the company were to buy a $60,000 hydraulic press baler and spend $30,000 a year for labor to operate the baler...
Where Q is output of ice cream, and L is labor hours. In the short-run K is fixed at 100. If capital rents for $10 and wages are $5 per hour, state the Total Variable Cost (Short Run Total Cost) function.
Freedom of Expression is primarily a liberty against state interference. All of the following are true, according to your readings, except:
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
Zoltan Novak, and Paul smith both residents of the country of EAST Paragon are discussing whether the economy is operating at full employment. Zoltan, a market analyst argues that with unemployment at 5.3%, the economy cannot possibly be fully utiliz..
Write a memorandum explaining "Administrative Law" and its impact on healthcare decision making. To help you get started on this week's assignment you may want to start with the new healthcare reform ruling and its applicability in your state. Ins..
Explain what the income eect is. You may use plain English or use an illustrative example. However, you must convince me you know what it is without copying a denition. Repeat the above for the substitution eect.
Explain the relationship between MR and MC at the profit-maximizing output. Also discuss the relationship between Price and Marginal Cost and price elasticity of demand. Is this level of output economically efficient?
Elena Martinez is thinking about investing in some residential income producing property that she can purchase for $200,000. Elena can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $15..
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