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1. Define tariffs and how they may be calculated. Additionally, define a non-tariff barrier and list and define three types of non-tariff barriers.
2. Define the term "criminal fraud" and discuss the three elements generally involved in establishing criminal fraud?
3. What must a plaintiff prove to succeed in a strict-liability action alleging a defective product?
Suppose that S = 100, K = 100, r = 0.06, σ = 0.30, δ = 0, and T = 1.Construct a standard two period binomial stock price three using the method in Chapter 10. Consider the stock price average computed by arithmetically averaging the 6-month and 1-yea..
Present how you can develop your leadership effectiveness, demonstrated and supported by peer-reviewed research. Identify one or two public leaders or mentors who have motivated or inspired you. Describe your view of this person(s) as a leader or ..
Suppose that the production function of a fictional economy is Cobb-Douglas with parameter alpha = 1/3. What share (fraction) of income does labor receive? What share (fraction) of income do capital owners receive? What happens to total output in per..
A movie studio sells the latest movie on DVD to Blockbuster at $10 per DVD. The marginal production cost for the movie studio is $2 per DVD. Blockbuster prices each DVD at $25 to its customers. How many DVDs should Blockbuster order? The studio is of..
What are the advantages and disadvantages of being a first mover in an industry? Give some examples of first mover and late mover firms. Were they successful?
A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm’s capacity. The contractor must now make a decision on capacity for next year. Estimated profits under each of the two possible st..
Competition in a line of sporting goods limits the selling price on a certain item to $25. If the store owner feels a margin of 35% is needed to cover expenses and return a reasonable profit, what is the most the owner can pay for this item?
Further, the consultant helped determine that their annual carrying costs were 1/3 of the unit price of $60. Demand is fairly constant at 19,200 units per year. What are their total annual inventory costs for this product?
You are a high school teacher. You have a senior who is from a single parent family. The student must work to be able to attend college next year. However, the job is interfering with the student's performance and several assignments have not been tu..
How much system capacity can be gained by adding capacity to the bottleneck? What are the key factors that determine when to add capacity? Why would an organization want to reduce its capacity
Why should marketers try to benefit society at large?
A company is offering a 3-day short course. The following are the cost components. How much does the company need to charge per student to break even if management expects 20 students will sign up. If the company would like to make a profit margin of..
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