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The owner of Tracy’s Diner decided to revamp the entire place over a weekend. The new décor included warm colors, such as red, which are thought to increase hunger, and softer lighting, which is thought to encourage customers to linger over their food, and thus purchase more. His intention was to surprise his regular customers who visit his diner during the weekdays and improve the volume of customer purchases. In this scenario, which kind of approach is the owner using? Explain.
Define power from an organizational behavior perspective. What is the difference between power and influence? What are the six forms of position power and the four forms of personal power? Briefly describe each form. What is leadership and how does i..
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
What does equilibrium GDP means? How net exports affect aggregate expenditure in the economy? How prosperity abroad affects our exports? What happens when there is disequilibrium situation? When GDP is less than the equilibrium. When GDP is more than..
illustrate what steps would you as an auditor take to assure you have minimized the potential for audit risk making a positive evaluation of the firm's financial status when it is in fact negative.
Write out the payoff matrix for this game, and then find its Nash equilibrium.
12. mrs. smith is operating a firm in a competitive market. the market price is 6.50. at her profit-maximizing level of
On average, 30-minute television sitcoms have 22 minutes of programming. Assume that the probability distribution for minutes of programming can be approximated by a uniform distribution from 18 minutes to 26 minutes. What is the expected duration of..
Suppose Spain produces only cars and digital cameras. The resources that are used in the production of these two goods are specialized—that is, some resources are more suitable for producing cars than digital cameras, whereas others are more suitable..
Why is the continuing income inequality in the US a problem for the economy? Does it matter that so many people own such a low percentage of total wealth in this country?
Consider an economy in which taxes, planned investment, government spending on goods also services also net exports are autonomous
Suppose that you can schedule a worker for up to 10 hours per day. The total benefit and total cost functions are B(H) = 1200 × √H and C(H) = 200H. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 600/√H and MC(H) = 200. ..
Explain also by using graphs welfare off policy measures on consumer and producer surplus and net gain or loss to society.
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