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What does Friedrich Hayek have to offer in terms of how prices inform customers?
What is the inventory turnover for 2017? Please show your ratio and calculations in the space provided.
State whether you agree with the sales manager or the sales director or neither.Suggest and justify the kind of commission structure that you would.
The Chinese have at times held the yuan (the Chinese currency also called a renminbi, {pronounced "RNB" which is slang like a buck or clams for US currency}) exchange rate with the dollar constant. This fixed exchange rate has caused the United State..
You are purchasing a new car for a price of $38,000. The dealer is offering two financing programs. Program 1 will allow you to take possession of your new car and defer your first payment for 6 months. Interest accrues monthly on your purchase durin..
What are the functions of the 12 Federal reserve banks, including their monetary policy actions?
The situation in which the long-run average cost curve exhibits economies of scale over the entire range of output is called a "natural monopoly." Explain why, in the case of a natural monopoly, it would be cost efficient to have a single firm serve ..
What are the differences in the two economies (north and south Korea) and detailing economic policies in these two economies that account for the differences?
A few questions in this problem set are based on the comments made by James Love to Congress regarding antitrust policy and the Petroleum industry. These are found at the end of the module on Antitrust Policy. What is it about the petroleum industry ..
Find example that shows ideas can have big consequences in the world. Describe the problem and how the idea helped to solve the problem.
Let's assume you've already completed the input optimization and found your company's cost function as follows: C(Y)=Y^2 + 3Y. Write down the firm's profit function. Suppose that P=$9. Find Y* and show that at this level of output, marginal revenue i..
There are two production technologies available for a new product line. If the firm decides to install technology 1, its costs will be equal to C1(q)=10+2q^(2). If it chooses to install technology 2, its costs will be equal to C2(q)=30+(q^(2)/2) Calc..
Discuss the current issue of illegal aliens and the impact this has on the U.S. health care system. Should the taxpayers pay for health care for individuals who enter this country illegally? How do emergency rooms and hospitals protect their fiscal s..
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