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It is fairly common for an industrial cluster to break up and for production to move to locations with lower wage when the technology of the industry is no longer rapidly imroving when it is no longer essential to have the absolutely most modern machinery, when the need for highly skilled workers has declined, and when being at the cutting edge of innovation conveys only a small advantage. explain this tendency of industrial clusters to break up in terms of the theory of external economies.
Draw a graph showing the optimal size of the park and briefly explain why a park of 2 acres is not optimal
What is Hans' marginal rate of substitution of C for F when utility is maximized? (To be clear, we mean the value of F in terms of C). Explain.
Suppose that the resident of vegopia spend all of their income on cauliflower,broccoli and carrots. Calculate the price of each vegetable in each year.
Adam's Ribs in downtown Chicago buys $10,000 worth of beef ribs, $25,000 worth of pork ribs, and $8,000 worth of napkins each month. Are these purchases included in the calculation of gross domestic product
The following figures are based on budget estimates of Government of India for the year 2001 – 2002
In the long run, inflationary andrecessionary gaps are self-correcting because, eventually. nominalwages rise and fall in order to close an inflationary or arecessionary gap thegovernment applies the right combination of fiscal and monetarypolicies t..
choose one of the following international organizationssap ag tata consultancy company bp global electricidad de
Discuss how does the existence of money decrease the expenses of making transactions, relative to a society based entirely on barter?
suppose two entities are considering collusion - to make things legal consider a situation similar to opec except
consider the market for smart-phones with two dominant players applea iphone4s and samsungs galaxy. these smart phones
Explain which of the four characteristics is primarily responsible for the fact that the demand curve of a perfectly competitive firm is horizontal? What is elasticity?
Compare and contrast TQM and Reengineering; which should be implemented first and why? The text for this course is Managerial Economics and Organizational Architecture, 5th edition by Brickley, Smith, and Zimmerman
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