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1. What is the best practices frontier? How does this relate to competitive advantage?
2. Explain why rent seeking competition tends to dissiapte rents-to drive them down so that there are no abnormal rents?
3. Jack Welch is heralded as a great leader of General Electri (GE). His strategy to acquire companies in different lines of business based on the requirement that each business in GE was to become #1 or #2 competitor in the industry is touted as being particularly brilliant. While very successful, could there have been a fundamental flaw in Welch's strategy?
4. What type of compensation policy would you expect to observe in an indutry with rapidly changing technology?
Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient
Assignment Presume that you are considering whether to enrol in a summer computer-training program that costs $2500. If you take the program, you will have to give up $1500 of earnings from your summer job. You decide that the program will increase y..
Why are common borders and cultural similarities often an additional factor to determine who trades most with whom and why? Use your knowledge of the gravity model to justify your answer through two suitable examples.
There is a debate about whether sterile hypodermic needles should be passed out free of charge in cities with high drug use. Proponents argue that doing so will reduce the incidence of diseases, such as HIV/AIDS, that are often spread by needle shari..
the ceo of always ready round tire has decided to open a battery division. he thinks that batteries would sell well
profit = (quantity of output) x (price - average total cost), marginal revenue = (change in total revenue)/(quantity of output).
Consider a consumer who consumes only two products X and Y. (for example, X may be housing and Y may represent a "composite commodity" con- sifting of all other goods).
Intermediate Microeconomics - Budget Constraint: Draw Alan's budget constraint with such promotional campaign.
Assuming there is no change in either demand or the firms' cost curves, explain what will happen in the long run to the price of fertilizer, marginal cost, average total cost, the quantity supplied by each firm, and the total quantity supplied to ..
Determine the impact of tariffs and quotas on international competition and discuss two recent examples and how it effected your employer's industry.
Use the following information about an agricultural market for cotton to answer this set of questions. The market demand curve for cotton is given by the equation P = 200 – .005Q while the market supply curve is given by the equation P = .005Q where ..
Make sure response explains how optimal firm behavior will lead to scale and substitution effects. Also explain the importance of the diminishing marginal returns assumption. also please try to explain as much as you can the more explainations the..
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