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a. If the exchange rate changes from $1.70 per British pound (£1) to $1.72 per £1, has the pound (£) appreciated or depreciated? Has the dollar appreciated or depreciated?
b. What happens to the £-price that British residents pay for a $500 U.S. export good due to the exchange rate change above?
c. What happens to the $-price that U.S. residents pay for a £1200 import good from Britain?
d. How do these changes affect the economic welfare of U.S. exporters and U.S. importers?
Some college football and basketball coaches earn huge incomes. Should college volleyball and swimming coaches be paid considerably? Should colleges pay their student athletes to play?
A waiting line meeting the M/M/1 assumptions has an arrival rate of 5 per hour and a service rate of 13 per hour.
In this economy customer service has become one of the keys to survival. Using the Internet, do some research about Wal-Mart and McDonald's and their approach to customer service.
A virtual team is tasked with revising an existing process that is causing productivity issues. One of the team members, Dave, does not believe in process modeling and is very aggressive vocally. He intimidates the group from India, which forces the ..
XYZ Coating Company has reviewed four new processes for improving its coating line. The four processes, labeled A, B, C, and D, use different technology and have different capacities. All have the same level of production and lifetime.
Discuss why each of the following components must be considered in plan implementation:
An electrical appliance A consists of three major components: B, C and D. One unit of A consists of two units of B, one unit of C, and three units of D.
The Grand Valley Company, run by the J. Motwani family, produces two products: bed mattresses and box springs. A prior contract requires that the firm produce at least 30 mattresses or box springs, in any combination, per week.
How can organizational restructuring enable specific types of businesses to attain competitive advantage in a changing market? Provide specific examples.
What are the four structural arrangements in the grievance process of Harold Swift vs. Ecumenical Bagel Company? What is the importance of the individual personnel (both union and management) at each step?
If social networks are an essential element of the organizing facet of the P-O-L-C framework, should employers track the use of LinkedIn or Facebook among their employees? Why or why not?
Determine the least squares regression line using Excel. Determine the MSE for the trend line (in a) and the 3 month moving average (in c.) Which forecasting method is better? Explain.
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