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What is the failure modes and effects analysis (FMEA) method, discuss the potential outcomes when using a cell phone to contact 911 emergency services as opposed to using a landline (house) phone to contact 911? What failures might occur and what effects might those failures have on the outcome of summoning help through the 911 system?
Elucidate why the boundaries of the firms that group members currently work for are dawn at their current limits, and consider whether there are opportunities to increase the returns generated.
Suppose there is a decline in marginal costs for one member of a cartel. What impact will this have on the incentive of that firm to cheat on the cartel agreement? Explain.
Think of a time when you were involved in strategic decision making. This could be a business situation or a personal situation. It could be anything from purchasing inputs for a manufacturing firm to trying to divide up household chores. Discuss you..
Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false.
Inflation during the 1970s was much higher than most people had expected when the decade began. How did this affect home-owners who obtained fixed-rate mortgages during the 1960's? How did it affect the banks that lent the money?
Suppose the U.S. economy finds itself in a recession after a recent financial crisis and series of unfortunate international events. If the government wants to stabilize the economy by employing fiscal policy, which of the following policy combinatio..
It seems that most personal loan rates follow mortgage rates. Is this true? What are the historical mortgage interest rates in the United States for the last 30 years? What happens when rates are high? What happens when rates are low?
The June 1997 issue of Management Accounting gave the following rule for predict- ing your current salary if you are a managerial accountant. Take $31,865. Next add $20,811 if you are top management, add $3,604 if you are senior management, or subtra..
Suppose that each unit of product A requires 4 workers and 1 unit of capital to produce, whereas each unit of product B requires 5 units of capital and 2 workers and that it is the case irrespective of prices. What does this indicated about the relat..
The following question is based on fixed exchange rate and/or flexible exchange rate regime in an open macroeconomic model. Suppose the domestic and foreign interest rates are both initially equal to 4%. Now suppose the foreign interest rate rises to..
Terms of trade Suppose that France and Germany both produce oil and wine. France's opportunity cost of producing a bottle of wine is 5 barrels of oil while Germany's opportunity cost of producing a bottle of wine is 10 barrels of oil.
Suppose that in the U.S., the income velocity of money (V) is constant. Suppose, in addition,that every year, real GDP (Y) grows by 3 percent and the supply of money (M) grows by 4 percent. a. According to the quantity theory of money, what will b..
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