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The Internet boom of late 1990s was hailed as the four advent of a new economy: that would radically alter the face of business companies. By 2002, however, it was clear that new economy had not arrived on schedule. With the advent of the Internet, digitization, and related innovations, what fundamental aspects of the economy have changed? Which aspects have remained the same? Why has the "new economy" been so slow to arrive?
During the 1980s, firms in the Silicon Valley of northern California experienced high rates of turnover as top employees moved from one firm to another. What effect do you think this turnover had on learning by doing at individual firms? What effect do you think it had on learning through the industry as a whole?
In many modern United States industries the following patterns seem to hold:[A] Small firms are more likely to outsource production of inputs than are large companies.[B] "Standard" inputs (such as a simple transistor that could be used by several electronics manufacturers) are more likely to be outsourced than "tailor-made" inputs (such as a circuit board designed for a single manufacturer's specific needs.What factors might explain these patterns?
Discuss how the economic indicators inflation, employment levels and interest rates,
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
Utilizing the data, construct limits for x- and R-charts. Explain the process in control. Illustrate what other steps should the QC department follow at this point.
A machine cost $4,000. It lasts two years and has no salvage value [that is, it has no value at the end of those two years of use]. In every year, it produces $ 2400 in income. Should the company invest in machine if the interest rate is 10 percent?
Let P = 53-Q be a consumer's long-run demand curve for gasoline, and P= 103-2Q be the consumer's short-run demand curve,
Calculate the cash flows at the end of each trading day and compute your total profit or loss at the end of the trading period.
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
Illustrate what school of thought would make this suggestion, and how do economists of that school justify that prescription.
Explain how can the concepts of game theory be applied to buying through ecommerce or a retail store. Can you show me an illustration.
Explain how can this concept be applied to the activities of profit making companies and profit loosing companies or to the revenue and costs components of a firm's net profit.
Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.
Explain how the concepts of total utility, marginal utility, and utility maximization.
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