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Describe why Facility Layout and Work System Design is significant? How does it impact business and workforce? What could go wrong if two are not correct?
Create the list of no less than 10 elements you would use to find out credibility of facts, articles, websites, news, etc.
What elastic, inelastic, or neither tells us about elasticity of demand? Why does this matter?
Suppose that team has been appointed as speech writers for Speaker of the House. What are foreign exchange rates? How are they determined?
You have $600 to spend on beans and rice. Price of beans is $40 and price of rice is $30. Graph the budget constraint with books on vertical axis.
Research and explain how economic theory concerning decisions in face of imperfect knowledge affects demand for products/services in healthcare/Long-term.
Describe how, with trade, Nebraska end up with 80 million bushels of wheat and 360 million bushels of corn while Iowa can end up with 80 million bushels of corn and 360 million bushels of wheat.
Give the example of a time when you were consuming good. Were you trying to maximize the marginal or total utility? Support the rationale.
Describe the relationship between price elasticity of demand and total revenue. Write down the impacts of various forms of elasticities.
Determine the mean, median, mode, and standard deviation. Are there outliers or unusual data values?
Compute standard deviation. Why is there variation in number of raisins in cup of raisin bran? Why might it be difficult for Kellogg's to reduce variation?
Explain ethical issues or concerns about MCOs providing lower quality of care compared to traditional fee-for-service (FFS) organizations?
How this investment give rise to subsequent opportunistic behavior of the manufacturer, trucking company, or both? How can such behavior be prevented?
What wholesale price must Tiger-el charge for its trains? What price will such trains sell for at retail? How many trains will be sold?
If entrant observes incumbent producing Q units of output and expects this output level to be maintained, write down equation for residual demand curve that entrant ?rm faces.
If the firm A produces zero gallons of water per day, firm B's best response is producing: Optimal output for Cournot duopolists moving simultaneously is?
Draw budget line and the relevant indifference curve for the consumer who is initially borrower. Point out the no-borrowing no-lending point.
Draw the consumer's budget line under assumption that real interest rate earned on funds lent, r L , is lower than real interest rate paid to borrow, rB.
Draw supply and demand curves for tickets to each of two games. Supply is fixed. It does not change with price. Draw one graph for each game.
Now assume FC is not zero. Find the lowest FC at which firm 1 does not have to engage in strategic entry deterrence to keep firm 2 out of market?
Buffalo would have more feed and would not have to compete with cattle. Find the relevance of Coase Theorem in this case?
Compute prices when firm discriminates between two consumers. Is this the good strategy, or must firm charge same price to both of them?
Q is output. If CEO increases incentive from 0.2 to 0.25, what happens to Peter's effort? Will profits rise or fall?
Find whether the firm is operating efficiently, given that its objective is to minimize cost of producing given the level of output.
A firm has following short-run production function (where L = Labor and Q = Output). Find out marginal revenue function.