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Many small businesses use Secondary data due to the low cost. However, we should also reflect that primary data can be collected by engaging with your customers and asking or watching what they do. The WalMart founder was famous for doing just that. Any thoughts to share on this or other ideas
Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important. The Ontario government now..
q. suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs
Assume the average whole price of a wireless phone is curently $50. Do you think this company should enter the market.
Discuss an event in your home city or state that brings new economic activity. It might be a major construction project, or major sporting event that occurs infrequently and brings a large number of people to your local area. Describe who benefits fr..
Keeping with this discussion, an understanding of market power and its impact on price and quantity are important. Market power is important in determining when a firm has monopoly power and when to enforce anti-trust policies. Why would a firm in a ..
An asset is purchased for $745,000 today. It will have a $76,000 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2.
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 25,000 cases of cola were sold every week at a price of $7 per case. After the tax, 18,000 cases of cola are sold every week; consumers pay $8 per case (includin..
What is the compound amount factor of single payment? (Use graphs and equations) If you have $2,000 now and invested it at 10% interest compound annually, how much would it be worth in eight years?
Many Canadian universities have traditionally offered an undergraduate degree in liberal arts (the product) to full time 18 to 22-year-old students (the market). How might such an institution use the four market-product expansion strategies shown in ..
Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..
Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a highter concentration of polluted areas than a command-and-control system.
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