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Ben and Jerry's Homemade Inc. has received much favorable press for its Rainforest Crunch ice cream. It uses official rain forest nuts and berries and all natural ingredients; it also sends a percentage of profits to charities. However, another flavor, Cherry Garcia, contains sulfur dioxide preservatives, and other flavors use margarine, not butter. What are the problems a firm faces if it is "politically correct" in some products but not others?
Does Jake's enjoy economies of scale, diseconomies of scale, or does Jake's appear t be operating at Efficient Scale?
Frm z, operating in a perfectly competitive market
If a production function is given through the equation Q=12X+ 10x2- x3 where X= input and Q=output then provide the computation for average product.
What type of agency problem is involved here - why would Marriott worry about the quality of hotels it doesn't own but franchises and identify firms that periodically shut down their operations. What are the conditions that exist when they shut down..
Managerial economics is the discipline which deals with application of "economic theory to business management" Discuss
Suppose you have a machine tool manufacturing company that produces one standardized type of tool. Your total costs change as demonstrate in the table below:
What were the most compelling topics learned in this course - How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
What evidence would you need to determine the existence of collusion?
1.Give three examples of oligopolistic industries. In what ways do the firms in each of these industries compete? Why do they choose to compete in the way that they do?
a) What is the economic order quantity for each supplier?
1.Can taxes be used to relieve poverty?
1.Would redistributing incomes from the rich to the poor reduce the overall problem of scarcity?
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