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In 2013, Sony announced that it had suffered losses selling televisions for the ninth straight year. Given the strong consumer demand for plasma, LCD, and LED television sets, shouldn't Sony have been able to raise prices to earn a profit? Briefly explain.
1. what is the major problem in achieving an efficient use of the worlds water? if there were a global market in water
what are the differences between corporate responsibility and corporate philanthropy? explain how a business benefits
An old covered bridge can be strengthened at a cost of $9000, or can be replaced for $40,000. The present salvage value of the old bridge is $13,000. With reinforcements, it will last for an additional 20 years with $500 annual maintenance and have a..
discuss the difference between the european monetary system and eu adoption of a single currency. what factors
What effect does increased competition have on the slope of an individual firm's demand curve? Why? How does a change in the slope of a firm's demand curve affect its efficiency? How do these effects apply to government bureaucracy?
Suppose the government suddenly decides to reward investment by paying firms τ for each unit of investment they do (where τ b). Assuming we are initially in the steady state, show the path of in- vestment, profits and the capital stock over time.
A machine that produces a certain piece must be turned off by the operator after each piece is completed. The machine "coasts" for 15 seconds after it is turned off, thus preventing the operator from removing the piece quickly before producing the ne..
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $15 per hour and capital is rented at $8 per hour. If the marginal product of labor is 45 units of output per hour and the marginal product of ..
Each of 50 golf clubs in the Niagara Region has a demand for generic advertising of Q = 200 - P. Ads cost $3000 each. How many ads will the clubs want to purchase as a group?
What has happened to the level of desired consumption and why? Be sure to refer to the substitution effect in your answer! Be specific with numbers
Provide the Gilbert's choices of both Bordeaux and yogurt under the following circumstances (Consider each separately):
In the 1960's, the San Francisco City Government physically moved several houses from the Hayes Valley/Fillmore district to clear way for other development. What government power was the SF City Government invoking, and please discuss the concept..
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