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Refer to the Minimization of Bullwhip Effect. One of the bullets says that the lead time may be reduced by submitting electronic orders. How else may lead time be reduced? Will transportation cost change with reduction in lead time? Discuss with examples?
We have examined four market structures so far-- (perfect) competition, monopolistic competition, oligopoly and monopoly. Please pick one market structure and find a (few) representative firm and explain why this firm's behavior is consistent with th..
A group of investors is thinking about buying a ticket also sharing the proceeds if they win. The organizer offers the following deal.
A trader buys a 3-month call option contract on 100 shares of a stock with strike price $40. Which of the following statement is correct if the options are held until the end?
Assume m=200$, px=2$, and py=1$. assume income is constant, Px decrease to $1.50, and Py decreases to $.75. This change in prices is equivalent to changing.
For a small firm in an extremely competitive industry, marginal revenue is always equal to price because: each firm has large fixed costs. if consumers increase their demand for the product, producer surplus falls. each firm has large economies of sc..
Reasonable to assume that disutility of pollution is related to flow of new pollutants and it is thus adequate to use a static model. What are n predictions of model.
Some economists argue that the price elasticity of demand can be used to determine whether a good or service is a luxury or a necessity. In medical case, a procedure with inelastic demand would be considered a medical necessity, while care with elast..
was low at a point and time in past human capital is also relevant never ever use selection bias! Equipment is it investment or is it technological change.
If the marketplace for organic apples is perfectly competitive which of the subsequent statements is inconsistent with the statement above.
You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. What is the inflation rate at the initial long-run equilibrium..
Shirley thinks that two 8-ounce cans of soda are exactly as good as one 16-ounce can of soda. Suppose that these are the only sizes of soda available to her and that she has $30 to spend on soda. Write down Shirley's demand functions for general pric..
Is the stock market efficient? Explain Why you hold this opinion. How does your position on the question of Market Efficiency impact
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