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This project aims at creating an Online Auctioning system which can be used to buy and sell articles. The users of the system can create an Item for sale providing the itemname, description, an image of the item, minimum bid prize etc. The buyers can bid by providing a bid amount (which should be greater than the previous bid).
The system will have an administration module to administer the categories of the Shop as well as to block fraudulent users. The administrator will set up the Categories of the items. A category is a logical subdivision of Category of similar products (eg: Furniture, Electronic Accessories, Books) Admin should be able to Create Categories, Merge Category etc. There will be a Search by which users can search for items up for sale.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Suppose Congress cuts spending for the military, and then unemployment rises in the U.S. defense industry. Is there causation in this situation, or are we observing an association between events?
A decision to postpone commercial development of an undisturbed parcel shows an example of what type of economic benefits?
Fit each of the following examples into one of the three reasons for trade: I. Division of knowledge II. Economies of scale/creating competition III. Comparative advantage a. It is the 1950s.The American auto industry makes mediocre cars at high p..
How do companies keep mobile data secure for customers? How do companies use technology to create competitive advantage?
According to a recent article in the Wall Street Journal, side-impact crashes are among the deadliest, accounting for nearly 10,000 deaths per year.
Who benefits from a tariff or quota. Illustrate what are the positives and negatives of protectionist trade policies on the federal government's part. Which policy is best right now.
Suppose the airline is offered $4,000 per week to haul freight along the route for a local firm. This will mean replacing one of the weekly passenger flights with a freight flight (at the same operating cost).
At its current short-run level of production, a firm’s average variable costs equal $30 per unit, and its average fixed costs equal $50 per unit. Its total costs at its current production level equals $8000.
The Chinese Renminbi was pegged to the USD before July 2005. Using the IS-LM-FX model for Home (China) and Foreign (US), illustrate how a decrease in G in China before July 2005 affected the following Chinese variables (increase, decrease, no chan..
What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors? What are the implications of having a large number of firms in a monopolistically competitive market?
What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent if N=2, there are constant marginal costs (c), and firms face demand p = a - bq?
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