Do you believe that there are certain common characteristics or traits of American managers that have led to moral or ethical decline in US business over recent years and thus business scandals? If so, what are these characteristics and why do you think they are prevalent in US business and not other countries' business culture
If the Rhine Company ignores the possibility that other firms may enter its market, it should set a price of $10,000 for its product, which is a power tool. But, if it does so, other firms will begin to enter the market. During the next two years, it will earn $4 million per year, but in the following the next two years, it wi
Decision Analysis: Mark Martinko has been a class A racquetball payer for the past five years, and one of his biggest goals is to own and operate a racquetball facility. Unfortunately, Market thinks that the change of a successful racquetball facility is only 30%. Mark's lawyer has recommended that he employ one of the local marketing research groups to conduct a survey concerning the success or failure of a racquetball facility. There is a 0.8 probability that the research will be favorable given a successful racquetball facility. In addition, there is a 0.7 probability that the research will be unfavorable given an unsuccessful facility. Compute revised probabilities of a successful racquetball facility given a favorable and given an unfavorable survey.
Mark Martinko has been a class A racquetball payer for the past five years, and one of his biggest goals is to own and operate a racquetball facility. Unfortunately, Market thinks that the change of a successful racquetball facility is only 30%. Mark's lawyer has recommended that he employ one of the local marketing research gro
The income elasticity for most staple foods, such as wheat, is known to be between zero and one. a. As incomes rise over time, what will happen to the demand for wheat? b. What will happen to the quantity of wheat purchased by consumers? c. What will happen to the percentage of their budgets that consumers spend on wheat?
Q) The main factor that explains the difference between accounting cost and economic cost is? A)opportunity cost? B)Fixed cost? C)Variable cost? D)Or all of the above(and why?)
When a firm is able to set its price, its price will always be less than its MR. Is this true or false and why??
"Why is it likely that in a system of private education (i.e., a system in which individuals pay for their own education) there will be underinvestment in education? *Remember, education, likes yard work, provides additional social benefit to the society."
10. The consumer's utility function is U=4 square root of X1 + X2. This means that the MRS at the bundle (x1, x2) is 2/square root of X1. Show that the individual's indifference curves have the diminishing MRS property.
For each of the following equations, graph the line and calculate its slope. A) P = 10-2Qd ( Put Qd on the X-axis) B) P = 100-4Qd ( Put Qd on the X axis) C) P = 50+6Qs ( Put Qs on the x axis) D) I = 10,000-500r ( Put I on the x axis)
Calculate the real GDP in each year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two; and that the price index rose from 100 to 104.5 in the first year, and up to 108.3 in the second year. If the price index 20 years before the base year was 41.2, and the no
The equation for the required rate of return on an individual stock given by the Capital Asset Pricing Model is
The equation for the required rate of return on an individual stock given by the Capital Asset Pricing Model is kj = Rf + á(Rf - km) kj = Rf - á(km - Rf) kj = Rf + á(km - Rf) kj = km + á(km - kf)
Among the advantages of the _____________ technique of forecasting are ease of calculation, relatively little requirement for analytical skills, and the ability to provide the analyst with information regarding the statistical significance of results and the size of statistical errors. least-squares trend analysis
When the consumption of chicken increases following an increase in the price of beef, the two products can be considered to be
When the consumption of chicken (whose price has not changed) increases following an increase in the price of beef, the two products can be considered to be complements substitutes unrelated correlated
Please explain what the concept of mutual interdependence among oligopolists is.
A. What is the grim trigger strategy, and how does it solve the Prisoner's Dilemma in repeated games? b. Under what circumstances is it likely to fail?
WHich of the following is an example of an adverse selection problem and which is a moral hazard incentive problem? In each case, give one method that the restaurant might use to reduce the problem 1) A restaurant decided to offer an all-you-can-eat buffet that is sold for a fixed price. The restaurant discovers that the cust
A firm that seeks to maximize its revenue is most likely to adhere to which of the following? a. MR = MC b. MR = 0 c. MR = P d. MR < MC
If a stock is expected to pay an annual dividend of $20 forever, what is the approximate present value of the stock, given that the discount rate is 5%?
If a stock is expected to pay an annual dividend of $20 forever, what is the approximate present value of the stock, given that the discount rate is 5%? 300 40 400 30
Which of the following is an example of how the question of "what goods and services to produce?" is answered by the command process? government subsidies for affordable housing laws regarding equal opportunity in employment government allowance for the deduction of interest payments on private mortgag
1. Average fixed cost is: a.AC minus AVC b.TC divided by Q c.AVC minus MC d.TC minus TVC 2. Economists consider which of the following costs to be irrelevant to a short-run business decision? a.Opportunity cost b.Out of pocket cost c.Historical Cost d.Replacement Cost 3. When MR=MC a.Marginal profit is maximized
Which of the following is a relevant cost? a. replacement cost b. sunk cost c. historical cost d. fixed cost e. all of the above are relevant.
Which of the following cost relationships is not true? a. AFC = AC - MC b. TVC = TC - TFC c. the change in TVC/the change in Q = MC d. the change in TC/ the change in Q = MC
When total revenue increases from $18,000 to $26,000 when quantity increases from eight to ten, marginal revenue is equal to
When total revenue increases from $18,000 to $26,000 when quantity increases from eight to ten, marginal revenue is equal to $3,000 $4,000 $8,000 $2,600
3. SAR Publisher is a monopolist in publishing a textbook on Hong Kong economy. Besides the Hong Kong market, SAR Publisher also sells this textbook in the US. Suppose SAR Publisher can produce this textbook at a constant marginal cost of $20 per copy and the demand curves for the two markets are given by: QUS = 48, 000 - 600PU
1. A open economy has a marginal propensity to import (MPI) equal to 0.2 and a marginal propensity to consume equal to 0.7. What is marginal propensity to save of this economy? *It looks as though enough information has not been provided.* 2. A open economy has a marginal propensity to import (MPI) equal to 0.2 and a margina
MPC and MPS describe consumer's tendencies to fully utilize their income. MPC relates to consumption tendency while MPS to saving tendency.
Give an personal example of a reverse logistics system you've experienced as a consumer. Were you satisfied with the cycle time of the process and what steps did the company take to guarantee your satisfaction. Finally, answer the question as to whether you are more likely to quit patronizing a company because of their reverse o
I need help with this question. I think the customer will carry the burden but not sure. I believe the answer has something to do with elasticity as well. Not sure how to tie it all together. Question: Who would bear the brunt of a national sales tax on tobacco products? Why?
Gurgling Springs, Inc., is a bottler of natural spring, Inc. is a bottler of natural springs water distributed throughout the New England states. Five-gallon containers of GSI spring water are regionally promoted and distributed through grocery chains. Operating experience during the past year suggests the following demand fun
I know of some different dangers, but I would like to find which danger out weighs the rest.