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Q1. Illustrate what is the meaning of economies of scope and explain how do they differ from economies of scale?
Illustrate what do learning curves and explain how do they differ from economies of scale?
Illustrate what is the usefulness of learning curves as a managerial tool? Illustrate what is the reason for rising international trade in inputs and the use of foreign skilled labor?
Q2. The country of Aquilonia has a tax system identical to which of Canada. Assume someone in Aquilonia bought a parcel of land for $20 000 in 1960 when the cost index equaled 100. In 2002, the person sold the land for $100 000, and the cost index which is equal to 600. If the person must pay 20 percent of any capital gain in what is the after-tax real capital gain (in 2002 dollars) on the land?
Adam Smith rejected utility as a foundation for value. He illustrates this rejection in his famous diamonds and water paradox. Briefly explain how the cognitive switch from total utility to marginal utility resolves this paradox.
Before output has had time to adjust, by how much is disposable income reduced. Compute the resulting change in consumption expenditure.
Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations?
Indicate three possible adjustments that you would make in order to function as a MNC manager in Saudi Arabia. Indicate one adjustment that you would not be able to make. Would you promote Saudi women as managers in your MNC.
Shift the curve in the subsequent graph to show the effects of such a training program.
Education (e.g., elementary and secondary education, higher education-undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service)
q.suppose you have a 2000 bond that makes an annual interest payment of 75. use this information to answer the
Illustrate what are elements of Circular-Flow Diagram. Illustrate what concepts does diagram illustrate.
positive levels of output and are zero if the monopolist shuts down. If current output level is 5, illustrate what should the monopolist do to increase profits.
What do you think Indonesia's best interests were served by limiting Cemex's FDI in the country.
What is the role of money in the modern economy? How well would our economy function without money? What would the consequences be?
Compute the price elasticity also advertising elasticity. Interpret each one. Illustrate what is the predicted range of Demand for Sun workstations with 95 percent (%) confidence level.
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