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Q1. How was De Beers able to control the world price of diamonds over the past several decades even though it produced only 45 percent of the diamonds? What factors ended its monopoly? What is its new profit strategy?
Q2. Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additional capital and labor?
Elucidate how principles of economics affect decision-making, interaction and workings of economy as a whole.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
If we can get foreigners to give us real goods and services and talk them in to taking pieces of paper in return why should we want anything different?" Do you agree or disagree with this statement?
A cousin of James Darwin, examined the relationship between the height of children and their parents
elucidate how the proposed carbon tax for australia would help reduce negative externalities, pollution levels in australia.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
Illustrate how do they compare to the others on any single set of constitutional issues. Assume the store is open 360 days a year.
Know that the far increase on cable car rides was 67%. Price is $5 one way. Prices were raised to help ease a $57 million deficit.
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
if Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even
Elucidate how free market features could be introduced to help improve the problem. As your answer also include a discussion of the risks of introducing market mechanisms.
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