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Answer three of the four questions below in 1000 words or fewer using diagrams to illustrate your answers. Each question answered is worth 10% of your overall mark for the module.
a) Using diagrams explain why governments place higher tax rates on products such as petrol and cigarettes.
b) Examine the impacts of rationing on a certain consumer good.
c) Why is the concept of price elasticity of demand of interest to the owner of a travel agent?
d) Discuss the potential impacts a focus on ethical behavior by a firm might have on its profit margins.
Research on stages of business development and incorporate your findings in a three to four page paper. Include examples of organizations that fit into each stage.
suppose that you hold a piece of land in the city of london that you may want to sell in one year. as a u.s. resident
Explain the concepts of reactivity and inertia as well as how each concept acts as a barrier to change in criminal justice organizations.
Does microeconomics apply to every nation in the world. Explain your reasoning. and explain the specifics of any cases or examples you use and the implications of similar on local citizens of that country.
why cash transfers typically would be preferred by recipients over in-kind transfers? write down the pros and cons of
Calculate the price elasticity of demand for Einstein's Bagels and explain what it means. Derive an expression for the (inverse) demand curve for Einsteins's Bagels.
Ethical issues that impact the company's decisions.
The fixed costs at Harley Motors are $1 million annually. The main product has revenue of $8.50 per unit and $4.25 variable cost. Find out the following.
You can choose a business or industry in which you are employed or a family member is employed or just an industry in which you are interested. Which type of market does this business or industry compete in?
two consumers justin and cindy of the same product have the following demand curves q1 500 - 10 p and q2 500 - 20 p.
1. a over the years there has been great improvement in farm technology. as a result the american farmer is now more
If a company manufactures records and its cost equation for a week is C = 300 + 1.5x and its revenue equation is R = 2x, where x is the number of records sold in a week, how many records must be sold for the company to realize a profit?
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