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How does the institution-based view complement and differ from the industry-based and resource-based views? Why has the institution-based view become a third leg in the strategy tripod?
Explain why it is important for a firm to know it's efficient scale of production and how a firm determines its efficient scale of production. Explain how a market with no barriers to entry or exit results long run economic profits equaling zero.
Assume for the purpose of this assignment that we do not currently have a Social Security Act, but that the creation of such legislation is being seriously considered by the federal government for the first time and that the government has accurately..
Why is organic food a positional good? What other ways do wealthy people have an advantage in avoiding pesticides? How does this relate to global inequality? How are organic foods produced, marketed, and sold in a capitalist society? Compare and cont..
Suppose that the demand for labor is summarized by the equation: wD = 40 – 10 LD. The equilibrium wage is ___ and the equilibrium labor force is ____:
If you deposit RM3,000 with each bank, illustrate what will be the difference in the two bank account balances after two years.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 90 - 0.25P, and the marginal cost of production is $120. Determine the optimal number of units to put in..
q1. research comes out that supports that drinking more green tea helps to keep you healthy. ceteris paribus what would
q1. if the aggregate-demand curve is given by the equation p400-2xy and long run aggregate supply100 the long run
Compare and contrast the major negative fluctuation in the 1980s with that of the Great Recession (post-2007) with a focus on (i) the extent of the fluctuation and (ii) the speed of the recovery.
Some restaurants are open only for breakfast and lunch but are closed for dinner. What economic factor's determine if it is better to close the restaurant for dinner or leave it open for all three meals times. What general costs (Fixed and/ or variab..
A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. Show the range of labour where stages I, II and III of production o..
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
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