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Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.
Determine whether the stock market should be regulated to the extent allowed by the Act. Include the potential impact of such regulation, or the possible need for even more regulation.
Suppose you elasticity of demand for your parking lot spaces is -0.5, and price is $20 per day. If your MC is zero, and your capacity at 9 A.M. is 96% full over the last month, are you optimizing?
What is the difference between the short-run and the long-run for a perfectly competitive firm in terms of costs and profits?
The expected value estimate is 1.5 million. The price distribution is believed to be approximately normal. What is the probability of receiving a price less than 1.2 million?
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
Jake takes 40 minutes to fry a chicken and 2 minutes to toast a slice of bread. Calculate each brother's opportunity cost for one hour of work. Who has a comparative advantage frying chicken?
Corporate profitability declined by 20 percent from 2008 to 2009. What performance percentage would you use to trigger executive bonuses for that year? Why?
Explain several dimensions of the shareholder-principal conflict with manageragents known as the principal-agent problem.
One of the approaches for the Southern Company to comply with the Clean Air Act is to adopt fuel-switching technology. Do you think this strategic flexibility would have value to Southern Company's
As a result of the new surcharge, what would you expect to happen to the number of checked bags as well as the average weight of checked bags? why?"
Discuss the prognosis or economic outlook for the Chilean economy in the coming year. Consider the leading economic indicators which include
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics such as: economic growth, consumer and investment spending.
Contrast two or three key economic factors for this country with the U.S. economy, and comment. For example, if per capita GDP is significantly lower in your country than in the United States, what
How will fee-for-service hospital reimbursement affect the number of admissions, the average length of stay, the volume of services per day, and the unit cost of services (cost per service)?
Joe thinks one-third of the stores charge $300 for a DVD player, one-third charge $200, and one-third charge $185. Should Joe continue to search or buy a DVD player at a price of $200?
For this society would you recommend greater expenditures on garbage control, less expenditures, or the status quo? Explain your answer.
Company XYZ expected after tax profits are represented in the following table at an expected discount rate of 10%. Calculate the expected value of the firm XYZ.
Company XYZ has the following demand function. Calculate the output level and price that maximizes total revenue.
Determine the best response function for each firm. Calculate the profit maximizing output of each firm and the market price. Calculate optimal profit of each firm.
Freight boat captains earn 150% higher wages for shipping goods off the horn of Africa near Somalia, where a formal government has not existed for some time and piracy is rampant.
What is the actuarially fair price of insurance? What price are individuals with $5,000 in the bank willing to pay for the insurance? Will those with $5,000 in the bank voluntarily purchase insuranc
Fierce competition will drive you to ruin, losing all your money. If you decide not to enter, you keep your $15,000. Would you enter the market?
The cost of entering the market (regardless of which market you select) is $250,000, should you enter one of the European markets? If so, which one? If you enter, what is your expected profit?
Average variable cost is estimated to be AVC = 14 - 0.0048Q + 0.00000002Q2. Total fixed cost will be $1,276,000 next year. What will the firm's profit (loss) be for next year?