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1) What are some practical limits to economies of scale? What is capacity balance? Why is it hard to achieve? What methods are used to deal with capacity imbalances? Why would a business maintain a capacity cushion?
2) Is it possible to achieve zero inventories? Why or why not? Why does JIT manufacturing require a stable schedule? What are some technological advances that support the goals of JIT? Will JIT work in service environments? Why or why not?
Google gained its monopoly power in the market for internet-search service because it:
You have been put in charge of electricity restructuring on the Isle of Mann. As part of the restructuring plan, it has been suggested to you that all wholesale electricity should be sold on the spot market at a price that is set every single min..
Summarize the article using at least three economic terms and theories covered in class - Identify the impact of the policy on demand or supply of the good(s) or service(s). Discuss the change(s).
What caused the frustration among the country managers? How could experiences be shared and best practices disseminated without compromising the uniqueness of the brands?
Why do consumers seek to maximize their utility? Is marginal utility more useful than total utility in the decision making of consumers? Why or why not? Is marginal utility per dollar spent a more accurate view than marginal or total utility? Why or ..
The demand curve for a product is given by P = 400 - 1Q/3. What is the own price elasticity of demand when price is $100? Is demand elastic or inelastic at this price? What would happen to the firm’s revenue if it decided to charge a price above $100..
a van conversion company has fixed capital and labor expenses of 1.2 million per year and variable expenses averaging
where i is the domestic interest rate, i* the foreign interest rate, E and Ee are the actual and expected exchange rate, respectively. Referring to this equation as needed, explain why investors pay attention to the exchange rate when making investme..
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an exa..
Indifference theory can explain all rational choices and behavior and try the theoryout on this situation. Suppose the only consideration for couples to have a bby or not was money. If a baby costs $8,000 a year.
In the year 2000, faced with a stock market crash, the U.S. Federal Reserve reduced real interest rates. Discuss what would be the effects of a stock market crash on different components of aggregate expenditures and how it will affect the aggregate ..
part of a business strategy you are considering involves the reduction of labor and material costs. your cfo suggested
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