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1. Politicians often promise economic growth. What has to happen for this to occur? What will promote long run economic growth? What is the best way to measure it? Defend your preferred approach to economic growth. Include nominal, real, GDP per capita, rule of 70, scale, resources, and productivity.
What evidence would you need to determine the existence of collusion?
Post a memo to explain the factors that contribute to the elasticity of goods. Also incorporate a real-life example of price elasticity of demand, and discuss how it impacts the economy.
Your company currently has a bonus plan for its sales managers. Discuss the potential benefits and costs of the new plan relative to the old plan.
After a 10 percent price discount, a company found that its weekly sales increased by 30 percent. If the marginal cost (MC) of this product is $40 each, determine the optimal price for this product?
Insurance companies have to generate enough revenue to cover their costs and make a normal profit-otherwise. Why would a person ever buy insurance, knowing that the price is greater than the expected payout?
Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what type..
What is the dark side of self-esteem? What impact does low self-esteem have on behavior?
Consider the four possible combinations and sketch them if necessary:
The Rainbow Paint Company uses a process costing system. Materials are added at the starting of process and conversion costs are incurred uniformly.
Ford might achieve perk parity by upgrading U.S. facilities or by reducing Swedish facilities. What would be the implications of each policy? Ford might live with different levels of perks. What would be the implications?
Corporation X declares that if it decrease its price subsequent to a buy, the early customer will get a rebate so that he or she will pay no more than those purchasing after the price reduction.
Plot a budget line for a representative consumer both before and after the voucher program. Do you expect that current consumption of a typical consumer will increase by the full 100,000 yen of the voucher? Explain.
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