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Rexall Industries is planning to expand sales of its line of drilling machines to the mid-west. We hoped one of our existing salespeople would be willing to take over the new territory. However, they have all turned it down. So, we’re going to have to hire a new sales person. What steps would you take to achieve this goal?
Enron will be an example of a dysfunctional company for many years to come. It was clearly a company riddled with fraud also excess
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
propose to model his tastes in the following way: For any 2 bundles A and B of "grams of cocaine" and "dollars of other consumption.
how many pineapples will she consume? If her income increases to $120, how many grapefruits will she consume? Are grapefruits a normal or inferior good?
q.pretend you were hired to lead the presidents council of economic advisers in 2009. using the macroeconomic
Several costs may be associated with firms that use the market. These include which of the following:
If you produce plastic spoons and one of the products (like petroleum) required to produce those spoons decreases in price, does the market demand for plastic spoons change? Does market demand for competitors with similar items but made from differen..
Which of the following would not lead to a shift of the demand curve for apples?
Suppose the firms divide the market into two areas of equal size and assign each firm one of the areas. Each firm agrees to sell only in its assigned areas. Will the arrangement generate a successful cartel?
illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr.
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
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