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Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information.
The response should be 500-750 words and describes some interactions your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or down-stream customers), or between internal divisions within your firms that can be described as sequential or simultaneous game. Diagram the strategies, players, and compute payoffs as best as you can. Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice. Please include the diagram required in the problem.
Consider total cost and total revenue given in the table given below, Compute profit for each quantity. How much should the firm produce to maximize profit?
For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand or aggregate supply or both.
Give a full explanation for your answers, and using a country of your choice for illustration, describe which firms are likely to gain and which firms are likely to lose from:
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more. Illustrate this using a graph showing a decrease in supply
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
What is the Todaro paradox? When tenant inputs are unobservable (or unverifiable), what kind of tenancy is the most efficient one (in perspective of the social planner)? Why is sharecropping tenancy so common
In the US, Americans are guaranteed fundamental rights to their freedom and privacy of information under which of the following?
Why do countries trade and Research the impact globalization and trade has had on the United States.
If a firm pays employees hourly and guarantees every employee 35 hours per week, how would the firm categorize its labor costs - what is the marginal cost of the 10th unit of output?
Suppose that the inverse market demand equation for the output of two identical firms is P = 68 - 8Q. The total cost equations for the Stackelberg leader and follower are TCL = 4QL and TCF = 4QF, respectively. The profits of the Stackelberg lea..
Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
Discuss on social diversity and business ethics and how has a more diversified labor force affected the corporate structure and economy?
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