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In big picture terms, the point of supply chain management is to minimize costs and improve quality. Comment on the types of foreign locations and the costs and benefits of foreign locations. Comment on the paradox between being more efficient and profitable, and being more susceptible to otherwise small hiccups in labor unrest or other factors.
Show how you can derive the Aggregate demand curve when the Price level in an economy increases. By drawing separate graphs indicate how a change in the price level impacts, money market, investment demand, goods market and then draw the aggregate de..
Suppose a politician claims that "Since +I+G+NX, we should protect exporters in order to stimulate GDP". Is she correct? Why or why not?
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
What is the natural rate of unemployment? What is the effect of an open market sale on the Federal Funds rate?
Explain how businesses maximize profits in a perfectly competitive market. Comment on the benefits to consumers in such as market.
Met's preferences over consumption is defined by the following utility function: u(c1,c2) = min[c1,2c2] . Note, c1 is Met's consumption today and c2 is Met's consumption next period. Derive Met's demand for consumption today and consumption next peri..
Using aggregate supply and aggregate demand diagrams, illustrate each of the following situations: When will expansionary monetary policy reduce unemployment, but have little effect on inflation? When will contractionary monetary policy reduce inflat..
Listed in descending order of numerical importance, the business population is comprised of: a) sole proprietorships, corporations, and partnerships b) sole proprietorships, partnerships and corporations c) partnerships, corporations, and sole propri..
A machine makes drill bits. When the machine is operating correctly, the variance of the diameter of drill bits is no more than .04 inches. In a random sample of 81 drill bits, the sample variance was .07. Test the hypothesis at the 1% level that the..
Please describe the the views of a Luddite and discuss any similarities between the Luddites of the 19th century and the neo-Luddites of today. What objections do they have to technology?
In January, root beer and orange soda each cost $1 a bottle. Judith's income is $20. She buys 5 root beers and 15 orange sodas. In February, the price of root beer falls to 50 cents, the price of orange soda increases to $2 and Judith's income remain..
Some economists claim that a budget deficit often spawn an evil twin, a trade deficit. Explain how a budget deficit might lead to an appreciating currency and a trade deficit. According to economists, what is (are) the true cost(s) of a budget defici..
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