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Q. As a manager of the Ponchartrain Yard Art Corporation that you've negotiated with several vendors and are ready to sign a two-year contract with Toy Yachts R Us. Under contract which they will ship to you 5000 plastic bathtub yachts every month at a cost of $4000 for every 1000. You are reading an industry blog and discover an article which indicates a researcher has developed a new molding process for plastic which uses ½ the energy of the current process. Bathtub yachts are produced using the plastic molding process described in the article, and the new process will be widely available in 6 months. Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us?
Discuss these three time horizons in terms of the price elasticity of supply. Sketch a figure showing supply curves for each of the time horizons.
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Give an example of how nations can benefit from trade on the basis of comparative advantage. Explain how both parties can share in the gains from trade.
illustrate what does the efficient market hypothesis say will happen to the price of the stock when the $4 loss is announced.
explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most resemble?
Utilize this expression to derive the potential bounds for the income elasticity of other goods.
The Sarbanes-Oxley Act provides for the establishment of the _____________ to over see audits of public companies. This will be done to protect the interests of shareholders and investors.
Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how cutting cost can be accomplished? What are some specific examples of how firms have used technology to lower costs?
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's. What type of mark..
q.which of the government policies below is not likely to encourage per capita economic growth?in the latter end of
How many acres should John choose to mow in order to maximize profit. Prevailing market price of lawn mowing is $20 per acre.
Illustrate what is the economic profit (or loss) of Texas Citrus Company in the short run. Do new orange growers enter the market in the long run.
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