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Q. 1. What is meant by just-in-time (JIT) purchasing?
2. What are elements of JIT purchasing?
3. What are problems associated with implementing JIT purchasing?
4. What are some of expectations of suppliers?
What is role of culture in implementation of JIT?
Has consumer surplus been affected in any way due to the changes in the auto structure of industry
Distinguish between the Federal funds rate also the prime interest rate. Why is one higher than the other.
Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.
Use your knowledge of the problems associated with asymmetric information to elucidate why insurance companies often include deductibles as part of their policies.
Could you reduce the cost of producing 1,800 pots per day by adding a pottery machine to your production process and reducing the amount of labor. Explain why or why not.
Estimate the strength of your bargaining position for each option. Which of these would be the most advantageous.
She is considering quitting her job and going to university full time for four years.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
Illustrate what is the capital account balance. Illustrate what is the financial account balance.
Estimate net Current value of investment under risk free interest rate and with risk adjusted discount rate.
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, elucidate which job affords you the highest purchasing power of the bundle of goods in the price index.
If these economists ignore the possibility of crowding out, illustrate what would they estimate the marginal propensity to consume (MPC) to be.
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