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What were the two tenets or beliefs of mercantilism that the classical economists found to be objectionable? What was the role of money in the mercantilist thinking and what was the role of money in the classical viewpoint?
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..
McDonald's and its major competitors compete based: In terms of location decisions, firms evaluate the extent to which the labor force is unionized.
Corporation X is in the business of buying, restoring, and selling vintage cars. A local man attempts to sell to corporation X a vintage car, estimated to be worth $50,000, for the price of $1000. If the president receives the offer but, instead pres..
Consider a labor market with a monopolistic firm that has a labor demand curve of MRPL=16-.5L, where L is thousands of hours of work. Suppose that workers at the firm are organized into a union that has a union objective function of U=WL, where W is ..
Identify a company in your local area that you would classify as a monopoly. Explain why you classified the company as a monopoly, and state how the company relates to at least two characteristics of that particular market.
q1. when the price of ketchup rises by 15 the demand for hotdog falls by 1 calculate the cross -price elasticity of
Suppose the quantity of gadgets demanded is reported to have fallen by 20 units—from 50 to 30 units—as a result of a per-unit-price increase in widgets from $10 to $14, what is the cross-price elasticity of demand? Explain your cross-price elasticity..
q1. suppose you have 7000 in savings when the price index is at 100. if inflation pushes the price level up 10 what
Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resour..
questions1. what type of uae companies would like to see higher tariffs and what type would like to seelower or no
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires: A political pundit argues that the government should impose a tariff on tires because they are a necessary input into the production of vario..
CB Electronix needs to expand its capacity. It has two feasible alternatives under consideration. Both alternatives will have essentially infinite lives. Construct a new building of 20 000 square metres now. The first cost will be $ 2 000 000. Annual..
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