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Develop a strategy for a firm to make sure it’s products always stay a big step ahead of its present competitors and also ahead of anyone else who threatens to come into their markets and compete with it. Try to select an existing firm that you can research and then look at all the ways the company can try to innovate, use skilled marketing techniques, make use of market imperfections where possible, form alliances to obtain new patents, and more. Develop a series of steps your firm can take and after you have examined your list, express the overall strategy that you can see emerging from your list. When you then put the strategy into execution, you will have to be careful about not violating anti-trust laws in the US and internationally as well. So do not plan on doing something that might violate the laws.
Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
Determine the difference in the present worth values of the following two commodity contracts at an interest rate of 8% per year.
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B (H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB (H)=420-80H and MC(H)=100+240H.
If the final change in output for the economy as a whole is $119.6 billion, unemployment is 6.2% and there had previously been an initial increase in government spending of $46 billion, what is the value of the multiplier?
Jennifer buys a piece of costume jewelry for $33 for which she was willing to pay $42. The minimum acceptable price to the seller, Nathan, was $30. Jennifer experiences:
Suppose that you are willing to pay $10 for a good and the market price is $15. In this case: you will buy the good and receive a consumer surplus of -$5.
What can the central bank do, if anything, to counteract the short-run changes in output and prices? If the central bank does not take any policy actions, what will be the long-run impact of the electronic payments system on prices and output?
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
Consider a consumer with $10 to spend on these 2 goods where the price of apples is always $2 every.
Money Demand =8750-500i Loanable Funds Demand = 2000 –100i Initial Reserves: $500 Y1=15600 Y2=14000 Reserve Ratio: 8% MPC=0.8 Tax Revenue: $1100 Govt Purchases: $1000 Suppose the Government is implementing fiscal policy. What is the new level of Gove..
The costs of expected inflation cause productive resources of an economy to be directed away from their efficient allocation. Explain how each of the following costs of expected inflation distrot the allocation of productive resources:
Fixed costs exist only in:
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