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A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights.
A) In the short run (next few months), what measures should the restaurant take to maximize its profits? Explain.
B) In the long run (next six months and beyond), how can it maximize its profits? (Assume that the impressive state of demand is permanent).
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A major problem for the implementation of privatization during the early years of transition in the formerly planned socialist economic systems has been
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Plaintiff shipped to Defendant—Pizza Pride Inc. of Jamestown, North Carolina—an order of mozzarella cheese totaling $11,000. Plaintiff, a manufacturer of men’s clothing in Los Angeles, contracted to sell a variety of clothing items to Defendant, Harr..
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The human resource manager of the XYZ Company makes the following claim: “Our workers make an average of $500 per week. We produce $6000 worth of output each week using only 10 workers. That averages out to $600 per worker per week. We should therefo..
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
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