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1. Describe the evolution of the virtual organization. What are the pros and cons associated with this design? Provide examples of three technological devices/concepts that have had the greatest impact on virtual organizations.
The government official who sponsored the new regulation argued (1) more people will want to get haircuts at a lower price and (2) thus more people will get haircuts. Do you agree with the economic reasoning of this official? Explain.
A drug company produces and sells generic over counter drugs in plants located throughout the country. One of its plants is trying to decide whether to automate a portion of its packaging process
What is the expected value and standard deviation of the investment? How much would a risk-neutral person be willing to pay for the investment? How much would a risk-averse person be willing to pay for the investment?
Calculate the growth rate of real GDP for each year from 1994 to 1997 and calculate the average annual growth rate of real GDP for the period from 1994 to 1997 - Does GDP increase, decrease or stay the same? Briefly explain why.
industry paper as a partial requirement for this course you will have to submit a paper on an industry of your choice.
Insurance companies have to generate enough revenue to cover their costs and make a normal profit-otherwise. Why would a person ever buy insurance, knowing that the price is greater than the expected payout?
Procrastinators Anonymous is hosting their yearly convention this coming year in Dallas, TX. Although this is not typical of this management, they wants to plan ahead to determine what the cost of the keynote banquet ticket should be.
the following question requires complete understanding of interactions between production and profit maximization. be
Does the marginal product of labor measure how output changes as wage price changes, or is it the average product of labor divided through the quantity of capital stock and can it be negative or is it any two of the above?
The overall framework for carrying out an economic efficiency analysis on the basis of benefit and cost considerations is illustrated as Figure 8.4 of text book Transport and Decision Making (Principles of Project Evaluation and Programming) by Sinha..
Illustrate the deadweight loss from charging a $10 admission fee. Explain why charging $10 is inefficient, and calculate the size of the deadweight loss.
The state of Glottamora has $100 million remaining in its budget for the current year. One alternative is to give Glottamorans a one-time tax rebate. Alternatively, two proposals have been made for state expenditures of these funds.
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