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Suppose a small firm that selles their output in a competitive market, and then there is an unexpected in demand for their product. What are the important effects for the firm and markets to operate?
If you were the CFO of a company that had to decide on hundreds of potential projects every year, would you want to use sensitivity analysis and scenario analysis or would the amount of arithmetic required take too much time and thus not be cost-effe..
q1. explain how does a country become an importer of a good? an exporter of a good? illustrate what is a tariff?
Several questions in this problem set are based on the 8/19/12 Wall Street Journal article "Cartel Pushes Up Price of Rubber." This article is at the end of the module on Antitrust Policy. Try to read the entire article carefully first.. What challen..
Differences between process explanations and instructions. Describe the differences between the two types of documents.
At what level of output will this firm maximize profit. Elucidate what is the level of profit for every unit of output produced at equilibrium.
Draw 4 budget lines for food and shelter as directed. The consumer has $500 income, faces an absolute price for shelter of 10, and a budget line slope of -5. (Shelter is on the horizontal axis.)
Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. How do you think flexible benefit packages would affect an emp..
what are the various formes of dispute resolution available to your company? what are the advantages and the disadvantages of each for your company?
consulting project estimation and analysis of demand for fast food meals using the data in table 1 specify a linear
Which of the following statements is consistent with what happened during the Great Recession? Identify whether the following statement is more likely to come from a classical economist or a Keynesian economist. “The recent decline in consumer confid..
Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. Please make a graph of the demand curve.
The cost measure sellers use to determine whether or not to produce the optimal (i.e. profit maximizing) level of output is:
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