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Michael Porter has argued: "The intensity of competition in an industry is neither a matter of coincidence nor bad luck. Rather, competition in an industry is rooted in its underlying economic structure." What does Porter mean by "economic structure"? What factors besides economic structure might be expected to determine the intensity of competition in an industry?
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
nearly everyone knows that the japanese save more money than americans do and that they are more community minded as
Write a 1,200 - 1550 word paper analyzing the use of databases in your organization. Address in your paper the following:Include what database applications are used (Microsoft Access®, DB2®, Oracle®, and so forth).• Conclude by proposing improvements..
For Profit Labs, Inc. (FPL) is a private laboratory that does only routine blood count. With total assets of $8 million last year, FPL took in $3 million in revenue and had expenses of $2 million. The average firms in other industries make a retur..
Describe the current culture of the outsourcing country. Illustrate your company's ability to manage both multiculturalism and diversity in order to build multicultural team effectiveness.
A study of costs of electricity generation for a sample of 56 British firms in 1946-1947 yielded the following long-run cost function: 16AVC = 1.24 + .0033Q + .0000029Q2 - .000046QZ - .026Z + .00018Z2
List some advantages and disadvantages of specialization. Does it always make sense to specialize as much as possible? Why or why not? How can managers reduce costs of specialized assignment?The text for this course is Managerial Economics and Org..
Identify whether or not the following statements are normative (N) or positive (P) - What is the slope of the PPF represented in the above table?
Set of individually rational allocations at the given endowment - Contract curve -Draw an edgeworth box and identify and label
The loan office of the bank has just called Ms. Firth to mention another financing possibility-the graduated payment mortgage. Terms, interest rates, and fees are the same as a normal mortgage. However, by lowering the payments in the early years,..
Provide alternative perspectives from experts on technology
Explain why the effective or true multiplier would be expected to be much smaller when the economy is near potential output.
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