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College Degrees Required for Police Officers Many Police Officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by dropping this requirement?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 60 - 0.25P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
Illustrate what can be said about the utilization of resources when 20 airplanes and 20 buses are produced. What is the opportunity cost of increasing the production of airplanes from 50 to 60? From 0 to 10 airplanes.
Suppose that there are two markets, given by the following demand curves, q1(p1) and q2(p2); and a monopolist with cost function c(q1; q2). Set up the monopolist's profit maximizing problem if it charges a uniform price in both markets.
When estimating the demand for tourism what are the relevant variable that must be included for the "generating are, and the destination area? Describe four major factors, other than price, likely to influence demand for a resort hotel in Acapulco.
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Complete the International Trade Simulation. Elucidate how absolute also comparative advantage was used in your simulation.
How are customer expectations today different from customer expectations of say 10-15 years ago? What are some reasons that contribute to that change's expectations regarding the level of customer service received?
A project is estimated to require an investment of $25,000, have a life of 5 years and 0 salvage value and have an annual net cash flow that can be described by a symmetric triangular distribution with a = $5,000, and b = $12,000. If the minimum requ..
q1. when the price of ketchup rises by 15 the demand for hot dogs falls by 1 b are the goods complements or
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
Suppose a country's nominal GDP increases from $100 billion in 2012 to $120 billion in 2013. The GDP implicit price deflator was 100 in 2012 and 100.1 in 2013. Calculate the country's economic growth.
Explain the role and responsibilities of public relations in public and private companies, nonprofit organizations, agencies and firms.
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