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This chapter discussed the need to plan but also the need to be responsive to changes. In 2015, the law in the United States changed, allowing same-sex couples to marry. (Prior to this, it was handled as a state issue.) What ramifications can you envision this causing for the HR department in a firm? Identify at least one possible change that might need to be addressed from an HR perspective in order to be in compliance with the law, how it might best be implemented and any other operational impacts that might need to be addressed by the HR department.
Why does entry and exit of firms occur in the long run and not in the short run? Using appropriate diagrams, discuss the role or importance of exit and entry conditiontions in a perfectly competitive market? What is the significance of the shut-down ..
Specify the main economic (not political) drawback of economic integrations among nations? Explain (do so in no more than 40 words).
Suppose there is a linear downward-sloping demand curve and a linear upward-sloping supply curve for a good. The price of a substitute good increases and the price of an input to production also increases. Graph the original demand and supply curves,..
Red Bull GmbH is the largest energy drink seller in the world. As the market leader in energy drink segment, Red Bull’s management team believes it is the time to expand their business into other segments in beverage industry, such as juice segment. ..
Explain the quantity equation: M.V=P.V. What does the assumption of constant velocity imply? If inflation rise from 6 to 8% what happens to real and nominal interest rate? Explain the roles of monetary and fiscal policy in causing and ending Hyperinf..
The United States, Brazil,and Argentina are land rich and efficient farming countries. Which countries have large pools of low cost labor? How do countries with no natural resources manage to manufacture and export large quantities of goods?
Assume that the price of silk ties in a perfectly competitive market is $21 and that the typical firm confronts the following costs: Quantity (ties per day) 0 1 2 3 4 5 6 7 8 9 10 Total Cost $10 $17 $26 $37 $50 $65 $82 $101 $122 $145 $170
Take a minute to think about the demand for college education and whether or not the costs of attending college (not just tuition, but also some of the opportunity costs associated with attendance) influences the number of students who attend college..
The capital cost of the membrane treatment system is $500,000 with operating costs at $100,000 occuring biannually with additional $25,000 per year for contract services. Draw cash flow diagram for each system demonstrating the first 10 years of use...
Explain the winners and losers from trade in the Ricardian, Specifc Factor, and Heckscher-Ohlin trade models?
All of the following are instruments of fiscal policy except
The social marginal cost of the production of snowmobiles. What does the phrase "owners equivalent rent" mean? Volunteers in the workforce have what effect on the GDP?
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