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Q. The credit card market has grown increasingly competitive. To maintain customer satisfaction, banks that issue credit cards usually provide an "800" number service center in which telephone operators handled customer inquiries, complaints, as well as requests for service. Some banks evaluate operators on the basis of the number of calls handled per day, while occasionally monitoring calls for courtesy as well as accuracy. (Banks have already determined that it is not cost-effective to do more monitoring). Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
show the new quantity demanded at that price as we did in class. Also, show that the new total revenue will be greater than then old total revenue.
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
Costs imposed on future users of a resource are called ... 1) Transactions costs 2) Social costs 3) Private costs 4) Depletion costs 5) User costs
Illustrate what are the major factors that have affected U.S. household consumption since the recession in 2001.
Illustrate what is the relative labor supply in the economy. Derive it and draw it in the same picture as in part (a). Calculate the equilibrium relative price of labor.
What criteria would you apply to determine where such a policy is or is not successful. Judging from your own stated criteria, was Japan's exercise successful. Why or Why not.
This question uses the general monetary model, where L is no longer assumed constant.
Explain why she should buy more lipstick or more eye shadow. Elucidate how your calculations also then elucidate your answer.
What happen if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
Suppose that the price of the firm’s product is $20. What are the firm’s marginal and average revenue product functions? What is the firm’s short-run demand function for input Z.
q1. when corporate income taxes are assumed to exist modigliani miller and the traditional theorists agree that capital
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