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Compare and contrast the difference between nominal and real GDP. Explain the challenges that an economy will be facing if GDP is constantly changing for the various stakeholders that are involved.
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Intellectual property refers to the rights of intangible property (IP) such as copyright, trademark, patents, and trade secrets. Explain the rights and responsibilities a company has in protecting its IP and the employees' responsibilities in protect..
Leadership in agile project management focuses on _____. Leadership in traditional project management focuses on _____.
Three products that you believe are provided by a "pure" monopoly, or at least by firms with a high degree of monopoly power. List substitutes for the products sold by each of these "monopolies".
If you were the CFO of a company that had to decide on hundreds of potential projects every year, would you want to use sensitivity analysis and scenario analysis or would the amount of arithmetic required take too much time and thus not be cost-effe..
Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each. Wh..
A firm is currently producing 80 units of output. At this level of output produced, P = 150 and ATC = 120. Also assume that MC = 130 and MR is constant at all output levels and equal to 150. Is this firm making profits? If so, what are these profits?
Draw a production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today. Also indicate a combination that is..
What factors determine the intensity of rivalry in an industry. Is the intensity of rivalry in the PC industry high or low.
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
Discuss the major obstacles to economic growth facing in "Libya" and give your advice as an economist on how to solve these issues.
Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.
Describe the four types of regional trading agreements discussed in class and show how each type creates a greater and greater level of economic integration.
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