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In the incoming election, Massachusetts voters will have the option to liberalize marijuana in their state. According to news reports, the Massachusetts alcohol industry is contributing money against the legalization of marijuana.
a) Given these news reports, does the Massachusetts alcohol industry consider alcohol and marijuana substitutes or complements? What does the industry believe would happen to the demand for alcohol in Massachusetts with the liberalization of marijuana: shift left, right or remain constant?
b) Given these news reports, which model do you think is most appropriate for the alcohol market in Massachusetts: Monopoly, oligopoly, monopolistic competition or perfect competition? Briefly explain.
Calculate the labor rate also efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Loring.
1. nbsp nbspbriefly define the following termsa.nbspnbspnbsp cost-push inflationb.nbspnbspnbsp demand-pull
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Techland and Clothworld are 2-nations with the similar number of employees. In Techland each employee can make 4 units of technology OR 4 units of clothing.
Why is the principle of minimizing input and increasing output important in business?
Discuss what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions? Include what will happen to private and public choices as the economy grows.
Your "talking points" should be 3 to 5 paragraphs long. Your audience is a group of managers (technical and non-technical) who are participating in a conference on reducing risks associated with insider threats.
Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the promary advantages and disadvantages of using this method to acquire inputs?
Elucidate what factors besides your quantitative analysis should be considered in making this decision.
About 30 US localities circulate their own currency with names such as "Ithaca Hours" and Dillo Hours." Doing so is perfectly legal
If you need a rate of return. Illustrate what is the highest price I should be willing to pay for this stock.
Define what is anything that is used to determine value during the exchange of goods and services?
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