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A group may be defined as two or more people who interact with each other to accomplish certain goals or meet certain needs. A team is a group whose members work intensely with each other to achieve a specific common goal or objective. Explain why it is important for groups and teams to have a balance of conformity and deviance and a moderate level of cohesiveness. Respond to at least two of your classmates' postings.
What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..
Explain how and why firms practice 3rd degree price discrimination. Use the handout to illustrate your answer (coupons; airlines, mobile phones).
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
Research the current demand for a good or service of your choice. Collect information that will affect the demand for the good or service.
Suppose that due to a new government study, consumer preferences for chicken suddenly increase. In the model of consumer theory, this would be represented by, During the 1990s, some countries lifted price ceiling on eggs.
Analyze the major barriers for entry and exit into the airline industry.
Are your proposals worth the trade-off? Justify your proposals and respond to the proposals from your classmates.
a project proposal for a new product will require a buildup of 50000 of inventory in year 0 before sales are started.
List at least four sources of growth in the economy along with two examples of each source. Explain what it contains and why these sources are important.
why Banks are exposed to interest rate risk primarily. what does the Federal funds market involves.
What two methods can a less developed country use to finance its economic development. internal financing & debt rescheduling or else.
Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
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