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Decision tree Diagram is an example of (a). Cause and effect diagram (b). scatter diagram (c)sensitivity analysis (d). EMV analysis
q.the first company is a trendy bar. the bar is currently seeing many young well paid professionals as customers but
Suppose that work hours in New Zombie are 200 in year 1 and productivity is $16 per hour worked. What is New Zombie’s real GDP? $. If work hours increase to 210 in year 2 and productivity rises to $18 per hour, what is New Zombie’s rate of economic g..
Over the last several decades, declining transportation and communication costs have:
How vegetarians sometimes have trouble making sure they get enough protein in their diets.
Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of t..
Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation. What could you suggest alternative ways to ensure import supplies.
A case study in the chapter describes a phone conversation between the presidents of American Airlines and Braniff Airways. Let’s analyze the game between the two companies. Suppose that each company can charge either a high price for tickets or a lo..
At Dulles airport, only taxis and privately owned cars are allowed to use the highway between downtown and the airport. That taxi market is competitive. There is a special lane for taxis so they are always able to travel at 55mph. Suppose P,E and G c..
Illustrate what way might society gain if Fed implements policy you have proposed instead of simply permitting long-run adjustments to take place.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Discuss the differences between unemployment and underemployment and give examples of each. Which do you think is a more serious “problem” for the economy? How might underemployment be addressed through government policy?
Rather than the short run effects of decreasing government spending, allow a self correcting economy to bring the model back to equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government..
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