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1. Which of the following will improve your salary bargaining position: a. The product your firm produces has become more costly to produce b. There are fewer close substitutes for the product your firm supports c. Competitor firms have developed new products that are similar d. New firms have entered with competing products that your firm produces.
2. In the sequential labor negotiation game: a. There is no advantage to either mover b. The second mover has an advantage c. The first mover has an advantage d. None of the above.
Joe notices that prices have gone up for the custom bikes he sells - but fails to notice that the price of everything else is rising too because of general inflation. This is described by the _______________ model, which explains how output _________..
Lane is responsible for reviewing the standard costs. While revieweing the standard for the coming year, two ethical issues arise.
An American is considering relocating their Oregon facility to Nicaragua. The current exchange rate is 1 U.S. dollar (USD) to 25 Nicaragua Cordobas (NIO). The current wage rate in Nicaragua is 200 NIO per hour, and the U.S. wage rate is $15/hr. If th..
The Rustin Transportation Planning Board estimates the cost of upgrading a 4-mile section of 4-lane highway from public use to toll road to be $41 million now. Resurfacing and other maintenance will cost $820,000 every 4 years. A toll road would requ..
What are some examples of companies that succeed and companies that fail in engaging their customers?
A consumer spends more time searching for a good when her reservation price is:
It is sometimes suggested that the government should actively pursue an industrial policy. Explain what this means and discuss the advantages and the disadvantages of such a policy. 2. Suggest four policies to promote growth. How is it related to the..
q. 1. elucidate how changes ini. population growth rateii. savings rateiii. technology growth rate change the
You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The walkway is to be of standard government design and should involve no unexpecte..
Suppose that each country has 100 workers and completely specializes in its comparative advantage. How many units of output of sippy cups and binkys will each country produce?
Consider an economy whose production can be characterized by the following production function: Yt = 2K^5 N^5. Write the production function in per worker terms. Draw a graph of this production function. Introduce a curve that shows the level of inve..
Suppose that the tax of $28 is levied on each item sold by a monopolist, and as a result, it decides to raise its price by exactly $28. Why might this decision be against its own best interests?
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