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Why don't more U.S. companies transfer their operations to Mexico or China and take advantages of low wages in these countries? For example (ignoring geopolitical factors), what would cause an identical plant in China to be more productive or less productive than its U.S. counterpart?
A recent report indicatesthat nearly 50 Americans contract HIV every year through blood transfusions. Although every pint of blood donated in the United States undergoes a battery of 9-different tests,
Big Steel Corp. is a price leader in the local steel market. The other, smaller manufacturers set their price based on that established by Big Steel. Discuss how Big Steel should use the information on the supply of steel by other, smaller competi..
Rise in customers income will make increase in the quantity demanded.
Allied Box offers mail order storage containers for fine china producers. The firm is low-cost provider of these boxes with fixed cost of $480,000 per year,
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Banks try to keep their excess reserves at a maximum in order to maximize profits.2. The demand for reserves depends on income and the price level.
In your professional, provide an example of supply and demand and how a shift in either caused a significant change in price or the quantity demanded.
Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.
Economist George Stigler once wrote that, according to consumer theory, "if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises."
Illustrate what does this have on the monetary base, the money supply, total deposits, and economic growth.
Compute mean, standard deviation & CV of sales. The demand for MICHTEC's products is related to the state of the economy.
How does technological advance enter into the definition of the very long run? Which of the following are examples of technological advance, and which are not: an improved production process; entry of a firm into a profitable purely competitive in..
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