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Wendy sells vending machines. She can sell 9 machines if she charges $1,000 per machine; 8 if she sells them at the price of $1,100 per machine; 7 at the price of $1,200 per machine, and 6 at the price of $1300 per machine. Each vending machine costs $500 to produce and bring to the market. How many vending machines should Wendy sell if she wants to maximize her profit?
1. What firm sells their permits and how many do they sell? 2. What firm(s) buys the permits and how many do they buy?
Why producers advertise for their product, explain using the Elasticity concept. You must defend your answer and provide economically sound quality answer.
In the state of Georgia. what are the rationales for women empowerment in terms of development impact? For example, according to the World Bank there is a positive effect of reduction in the gender gap in education on economic growth, immunization..
Explain One-bank Credit System (be able to explain why credit as a means of payment implies an elastic supply of money). Explain Multi-bank Credit System (explain the ways in which banks can pay each other; why is a clearinghouse superior?
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters (mail outs) to potential voters in an election campaign. Describe the "production function" for campaign votes.
Discuss market trends that General Motors organization/industry will face and address(discuss) how their prices and technology will change or will not change, and why.
How will the programs proposed affect future growth possibilities for the economy (how will they effect the PPF and long run aggregate supply)?
Why are most environmental resources un-priced (or under-priced) and what are the consequences of this? Is it important for the prices of goods to reflect their true costs of production?
Explain why cannot nations like Greece or Spain use quantitative easing as a means to stimulate their economies.
Now determine equilibrium quantity and graph the two equations to substantiate your answers and label these two graphs as Dl and SI.
Explain how would it change as PM Company adopts additional international market expansion strategies. How long and what will it take to actually change the organizational structure.
Why would you as a CEO of a business choose to pay your workers more and give them better benefits than your competitors?
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