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The local school district wants to close down a neighborhood high school because its outdated heating and cooling systems make it too expensive to operate compared to the new high school being built nearby. Parents who are against closing the neighborhood school argue that the $2 million dollars spent refurbishing the school over the last few years will be wasted if the school is shut down. This argument is an example of:
Discuss strategic alliances. How successful are they? Why do firms form strategic alliances? Compare and contrast licensing agreements and franchising agreements. Imagine that you are meeting with your superiors to discuss entering a foreign market. ..
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.
Describe the long-run effects of patent expiration on prices, output and profit in a monopolistic industry.
"Roundabout production" leads to:
During the summer of 2011, General Motors (GM) had trouble selling pickup trucks. According to an article in USA Today : General Motors dealers had a 122-day supply of Chevrolet Silverado and GMC Sierra pickups in June, more than 50% above what’s con..
Discuss and contrast the features of the retirement plans offered by Creative Games and United Manufacturing. And then explain how you would use each of these plans in developing your own retirement program.
New York Food Vendors Food trucks have become increasingly popular in New York City. However, the Department of Health limits the number of permits that they issue at one time. As a result, the estimated value of a permit is $15,000 for two years, wh..
Productivity growth measures increase in output per hour of work. Output per hour of work was 54.0 in the first quarter of 1973, 75.4 in the first quarter of 1996, and 111.0 in the first quarter of 2010 (2005=100). Calculate the average annual rates ..
Suppose that you owe $10,000 when you graduate from college. Your Federal Stafford loan has an annual interest rate of 4.5%. If you want to pay back the entirety of your loan in ten years, what would be your total payment per month?
Consider a competitive industry with many identical firms. The supply curve of an individual firm is given by S1(p) = 2p when p ≥ $2 and S1(p) = 0 when p
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
Share your thoughts on labor unions today. Do you have any personal or family experiences with unions? Do unions serve a valuable purpose in today's business world? Be specific about what costs and benefits you feel unions contribute today.
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