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1. What is the basis of the kinked-demand model? Explain the reason for the gap in the oligopolists marginal-revenue curve. How does this model explain price rigidity in oligopoly?
The Ski Pro Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis.
1. If the government reduces the size of its public-sector net cash requirement, why might the money supply nevertheless increase more rapidly?
Using the data in the attached document, create a network diagram in the form of a flowchart.
What is the measuring of economic of scope and how do they differ from economics of scale? Provide examples in discussion.
What type of agency problem is involved here - why would Marriott worry about the quality of hotels it doesn't own but franchises and identify firms that periodically shut down their operations. What are the conditions that exist when they shut down..
The Solace Company has an inventory of steel that it originally purchased for $20,000. It currently has an offer to sell the steel for $30,000. Should Solace's management agree to sell? Explain.
Business Week, in an article dealing with management, wrote, "When he took over furniture factory three years ago. Realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
Explain whether the firm will make economic profit, In the short run and In the long run.
Discuss the advantages of using the formulas, any difficulties in using them, and whether computers are used with them.
How is safety stock included in a material requirements plan? What factors can create safety stock requirements in an MRP system? What is meant by the term safety time?
1.In what ways might the views of different politicians on what constitutes a good tax system conflict?
A company has a technology described through the production function, Calculate the quantity of labor demanded by the firm and cost minimizing K/L ratio.
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