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Discussion Question
Read the Wall Street Journal article, The Dish on Hotel Air, (Goetz, 1999) and review the Pure Solutions website related to ultra clean rooms, assess whether you think the hypoallergenic room concept is just a fad, or if it has more upside potential. (You may use public opinion from social media websites to gauge consumer interest, but keep in mind these are only individuals' opinions). If a hotel were to choose to offer a hypo allergenic room, what are the minimal steps they should take to provide such a room, if they did not want to work with a third party such as Pure Solutions? Do not forget to cite your sources.
The Principal-Agent Problem: You are hired as a management consultant to provide recommendations on how to stimulate productivity of the manufacturing firm that produces Printer Cartridges. Your 50% of the variable salary (consulting fee) is direc..
What is intellectual capital?
During the 70's and 80's the goverment of many countries in Europe and North America banned the advertisement of cigarettes on televisions. Suprisingly, this attracted little protest from the cigarette manufacturer's.
Why might a banking crisis lead to a fall in the money supply? If the Federal Reserve wanted to correct this reduction in money supply, what are three methods they could use and how would they undertake each action?
Suppose in the short run a perfectly competitive firm has variable cost = 6q2, and MC = 12q where q is the quantity of output produced. Also, the firm has fixed cost F = 6144.
The problem is belongs to Economics and it is discuss about the insights and shortcomings from Ricardian model. Ricardian model is best known for its representation of optimal usage of a country's resources.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Suppose that the resident of vegopia spend all of their income on cauliflower,broccoli and carrots. Calculate the price of each vegetable in each year.
Suppose utility had been linear in wealth would this person be willing to pay anything more than actuarially fair amount for insurance? How about the case where utility is a convex function of wealth?
For this week, we are continuing our discussion on GDP and economic growth. We will realize that most of government spending goes towards welfare such as social security. However, it is a common belief that social security benefits
What are the marginal costs in terms of labor
Fiscal and monetary policy and the negative impact policy can have on the equilibrium of prices. Then, identify ways that a free market society can avoid the negative impact and maintain both production and price.
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