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devils advocateexplicit role undertaken by a group member who actively questions and challenges the groups ideas procedure and decisions such active
development banksbanks that function as coordinating and intermediary industries to raise capital attract investment and giving technical assistance
depreciation tax shieldthe decrease in corporate income taxes suitable to the deductibility of depreciation from the firms taxable earnings
demand functionthe function capturing the dependent relationship between the price people are willing to pay for products or service and other
area of dominant influence adithe adi is a geographic area made up of all over the world that receive signals from radio and television stations in a
arbitrationthe use of a third party to describe between two sides dead locked in a negotiation the arbitrators decision can be binding or not binding
arbitrage pricing theoryarbitrage defines the procedure of continuously buying a security for privacy currency or commodity on one market and selling
allocative efficiencythe production of products and services such that stages of production are closely tied to levels of customer
allocation functionthe shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services
aggregate supplywhen referred to in the circumstance of gnp or gdp aggregate supply refers to the labor and capital needs to proceeds the level of
aggregate demandwhen referred to in the circumstance of gnp or gdp aggregate demand dealings the sum of what is spent by various parties in the
you are the cfo for carnival corportaion and your boss the ceo informs you that he wants to add three new cruise ships to the company3939s inventory
questionlook up the real gdp of the us for the 4th quarter of 2007 and compare it with the real gdp for the 2nd quarter of 2012 what does this tell
if we have two products a and b which are substitutes we can expect that a rise in the price of a or b will cause the demand for b or a to go up
1 implicit and explicit revenues minus implicit and explicit costs equals a accounting profit b economic profit c zero profit d
the efficiency of a competitive market when an competitive markets generate an inefficient allocation of the resources or market failure 1
the long-run supply of housing scenario 1 owner-occupied housing- suburban or rural areas- national market for inputs questions- is this an
the industrys long-run supply curve long-run elasticity of supply 1 constant-cost industry long run supply is horizontal small increase in price
some cost considerations for managers three guidelines for estimating the marginal costmc 1 average variable cost should not be used as substitute
perfectly competitive markets characteristics of perfectly competitive markets 1 price taking 2 product homogeneity 3 free entry and exit
difficulties in measuring cost 1 output data may represent an aggregate of different type of products 2 cost data may not include opportunity
learning curve in practice scenario- a new firm enters chemical processing industry do they1 produce a low level output and sell at high price2
learning curve implies 1 the requirement of labor falls per unit 2 costs will be high at 1st and then will fall with learning 3 after eight
economies of scope in the trucking industry questions- economies of scope- are large-scale direct hauls cheaper and more profitable than individual
production having two outputs -economies of scope economies of scope exist when joint output of a single firm is greater than the output which