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Briefly explain how business ethics of foreign countries compare to business ethics of the home country.
Explain ideologies of two different political systems. Choose two different countries of the choice for a comparison.
Point to whether or not each of the given examples of business behavior are legal or illegal under current antitrust law.
Market economics says that price of a product must equal its marginal cost. Is that realistic for the public water utility? Why or why not?
Suppose industry is perfectly competitive, compute domestic equilibrium price and output combination. Is outcome in part B desirable from society's viewpoint? Describe.
Using data in in-class handout "Example of Firm with Market Power", compute price elasticity of demand between prices $22 and $21, showing calculation and reasoning.
State basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which of the market classifications does each of the given most accurately fit?
Write down effects of international trade to GDP, domestic markets and university students? How do government choices in regards to tariffs and quotas influence international relations and trade?
compute the profit-maximizing output, price, and profits. Compute and interpret Lagrangian multiplier.
Calculate elasticities for each of variables. Explain relative importance that each variable has on demand.
Using regression analysis, estimate consumption as the linear function of income, price, and previous year's consumption (suppose consumption in 1986 was 367.7 Billion kilowatt hours).
The manufacturer faces following (inverted) demand for its product. Find profit maximizing level of output? Illustrate all work.
How concerned must company be about impact of recession on its sales? Describe. Do you think company must cuts its price to increase its market share? Describe.
Comment on degree of substitutability between European and American and between European and Japanese luxury cars. Describe some possible reasons for results in equation.
Deduce marginal cost function of producing tulip bulbs. Should Iris start production of tulip bulbs if price is 100 SEK per bulb?
How will entry of firms like Apple, Google, Amazon, Hulu, and Comcast into business of streaming movies affect Netflix?
Given that Bill can consume only 167 grams of carbohydrates daily, how many cups of each food will consume daily? Illustrate the work.
How do local laws, local taste preferences, and local culture impact McDonald's global strategy? Have thoughts on global standardization changed? Describe why.
Defining and understanding elements of group culture is necessary to forging the professional identity either online or in person.
The average retail price of cookbooks will be $30, and their average cost will be $20. Illustrate what demand curve would look like if you sold books between $25 and $35.
Draw the completely labeled graph to help you describe shutdown decision. Suppose that store is losing money; however, describe why they may want to stay open for little while longer.
If price of graham crackers is $2.50 must firms raise or lower their prices if they want to increase revenue? Describe this in terms of elasticity.
Explain the economic theory of regulation. Contrast the predictions to public interest theory of regulation with respect to Certificate of Need (CON) legislation.
Illustrate that this in expectation decreases firm's value, and describe why, in spite of that, owners of company would want to undertake project.
Which consumers would buy insurance at that price? Are there wealth-creating transactions which are not consummated because of information asymmetry?