Economics

You are the mayor of the small town of Wasilla and a landowner has offered to se

You are the mayor of the small town of Wasilla and a landowner has offered to sell you 1,000 hectares of woodland for $2,000,000. You are very tempted because of the wildlife whic…

You are the media planner for an advertising agency, responsible for the placeme

You are the media planner for an advertising agency, responsible for the placement of your client's ads in various media. Your client's product is a "smart" robotic lawnmower (Rob…

You are the new Executive Director for a small, local nonprofit healthcare facil

You are the new Executive Director for a small, local nonprofit healthcare facility, offering free and reduced cost medical treatments to those who are unable to afford it on thei…

You are the newly hired director of human resources (HR) for a large inner-city

You are the newly hired director of human resources (HR) for a large inner-city health care organization. The CEO has asked you to develop a strategic response to numerous HR prob…

You are the newly hired director of human resources (HR) for a large inner-city

You are the newly hired director of human resources (HR) for a large inner-city health care organization. The CEO has asked you to develop a strategic response to numerous HR prob…

You are the oil minister of one of 5 key OPEC countries. The world demand for oi

You are the oil minister of one of 5 key OPEC countries. The world demand for oil can be reduced to Q = 100 – p and therefore p = 100 – Q (where p is dollars and Q is in millions …

You are the only veterinarian in a small town; the next closest vet is 50 miles

You are the only veterinarian in a small town; the next closest vet is 50 miles away. The population in your town consists of families with household pets and farmers with livesto…

You are the operator of a plant and would like to improve the throughput. You de

You are the operator of a plant and would like to improve the throughput. You develop two different options for management and partner approval. Option 1: The capital investment i…

You are the owner and only employee of a company that writescomputer software th

You are the owner and only employee of a company that writescomputer software that is used by gamblers to collect sports data.Last year you earned a total revenue of $90,000. Your…

You are the owner of a burger store in a perfectly competitive market. Recently

You are the owner of a burger store in a perfectly competitive market. Recently your labour costs have increased to a point where the price of a burger, at the profit maximising q…

You are the owner of a clothing retail store in Manhattan that sells brand name

You are the owner of a clothing retail store in Manhattan that sells brand name clothes, including high-end clothing brands. Your retail salespersons are paid a mean hourly wage o…

You are the owner of a clothing retail store in Manhattan that sells brand name

You are the owner of a clothing retail store in Manhattan that sells brand name clothes, including high-end clothing brands. Your retail salespersons are paid a mean hourly wage o…

You are the owner of a clothing retail store in Manhattan that sells brand name

You are the owner of a clothing retail store in Manhattan that sells brand name clothes, including high-end clothing brands. Your retail salespersons are paid a mean hourly wage o…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your No Haggle sales policy. Last year, your dealership earned record profit…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record prof…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record prof…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record prof…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record prof…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record prof…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record prof…

You are the owner of a local Honda dealership. Unlike other dealerships in the a

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record prof…

You are the owner of a small U.S.-based clothing manufacturer. For the past five

You are the owner of a small U.S.-based clothing manufacturer. For the past five years, t-shirts from your brand have been produced and sold in Japan through a licensing agreement…

You are the owner-manager of the Alt Heidelberg Restaurant. One entree on the me

You are the owner-manager of the Alt Heidelberg Restaurant. One entree on the menu is Steak Tartar Heidelberg. Last year this time, sales were 400 per week at $20 each. On the bas…

You are the president and chief executive officer of a family owned manufacturin

You are the president and chief executive officer of a family owned manufacturing firm with assets of $45 million. The company articles of incorporation and state laws place no re…

You are the principal of the marketing firm hired by Amazon.com to create a new

You are the principal of the marketing firm hired by Amazon.com to create a new marketing plan in light of the acquisition of Whole Foods. When preparing the new marketing plan yo…

You are the production manager for Porter Cable (a power tool company) based in

You are the production manager for Porter Cable (a power tool company) based in Philadelphia, PA and you need to decide whether to buy the motor for the power tools or to produce …

You are the purchasing manager of a company and are responsible for ensuring tha

You are the purchasing manager of a company and are responsible for ensuring that necessary inputs are available to keep your factory operating. For each of the three types of pur…

You are the sheriff of a small town in the 1960s, which is experiencing extreme

You are the sheriff of a small town in the 1960s, which is experiencing extreme racial unrest. There is a murder of the civil rights leader, who did not advocate violence. You kno…

You are the sole domestic producer of the generic antidepressant Sensitrum. Your

You are the sole domestic producer of the generic antidepressant Sensitrum. Your marginal cost is $2 per dose. Demand is given by Q = 400-50p,(Q in millions of doses, p in $). The…

You are thinking about becoming a Paradise Coffee franchisee. Franchisees are of

You are thinking about becoming a Paradise Coffee franchisee. Franchisees are offered a business specializing in producing an exclusive line of exotic coffee drinks (similar to St…

You are thinking about buying a fixer upper to convert into an office building f

You are thinking about buying a fixer upper to convert into an office building for rental. Assuming that you will own the property for 10 years, how much would you be willing to p…

You are thinking about buying a house. You find one you like that costs $200,000

You are thinking about buying a house. You find one you like that costs $200,000. You learn that your bank will give you a mortgage for $160,000 and that you would have to use all…

You are thinking about getting a 21 year $100000 mortgage loan at 5.5%. You will

You are thinking about getting a 21 year $100000 mortgage loan at 5.5%. You will incur a total of $3200 for origination fee, points, mortgage insurance and other costs. In additio…

You are thinking about investing in a new machine for your company. The after-ta

You are thinking about investing in a new machine for your company. The after-tax cash flows expected are year 1 = $10,000; year 2 = 20,000; year 3 = 30,000. You expect to incur a…

You are thinking about renting a room in a house next year with three of your fr

You are thinking about renting a room in a house next year with three of your friends. For each month’s rent, you are willing to pay $530, your first friend is willing to pay $500…

You are thinking about selling a product or service to the government. Visit htt

You are thinking about selling a product or service to the government. Visit https://www.gsa.gov/ and search for "How to Sell to the Government". Review some of the products and s…

You are thinking of investing in a field that may have commercial amounts of oil

You are thinking of investing in a field that may have commercial amounts of oil. Based on the existing data of the field you believe there is a 15% chance that if you drilled imm…

You are to choose TWO goods/services or resources that you produce? Next identif

You are to choose TWO goods/services or resources that you produce? Next identify the unit of measure you will use to count your output (you cannot use time or money since you do …

You are to invest $100,000 for a client. Because the funds are to be invested in

You are to invest $100,000 for a client. Because the funds are to be invested in business(es) at the end of one year, you have been instructed to plan for a one-year holding perio…

You are to research a Cause Related Marketing initiative currently being impleme

You are to research a Cause Related Marketing initiative currently being implemented by your chosen hospitality or tourism company that operates in three or more countries (our de…

You are to research the rise and fall of the early days of the World Wide Web. I

You are to research the rise and fall of the early days of the World Wide Web. In 1993, Tim Berners-Lee created the Web and the bubble began. The bubble describes the amazing stoc…

You are told the following: The first order conditions of a modified market powe

You are told the following: The first order conditions of a modified market power model on which we are working is P(q) + qP'(q) - C'(q) + 2q = 0. Will the firm end up setting a h…

You are traveling abroad and have only American dollars with you. You are curren

You are traveling abroad and have only American dollars with you. You are currently in the capital but you will soon be heading out to a small town for an extended stay. In the to…

You are trying to decide if you should rent an ice cream truck to drive around t

You are trying to decide if you should rent an ice cream truck to drive around the city park to help pay for your college tuition. Assume that it costs $280 per day to rent the tr…

You are trying to predict housing rent in a college town using the following mod

You are trying to predict housing rent in a college town using the following model: u avginc lenroll lpop lrent a. Suppose you want to test if “population” and “student enrollment…

You are working for George Soros and trying to figure out whether to invest $1B

You are working for George Soros and trying to figure out whether to invest $1B in the U.S. or in Turkey. The interest rate for similar assets is 7% in the US and 3% in Turkey. He…

You attempt to hire Fred to work on a project that will yield $700 in revenue if

You attempt to hire Fred to work on a project that will yield $700 in revenue if it succeeds and $100 if it fails. If Fred exerts great effort, his opportunity cost of working is …

You believe that next year there is a 50% probability that your healthcare cost

You believe that next year there is a 50% probability that your healthcare cost will be $5,000 but your spouse believes you willa ll be healthy and there will be no healthcare cos…

You borrow $15,000 at 10% per year and will pay off the loan in three equal annu

You borrow $15,000 at 10% per year and will pay off the loan in three equal annual payments with the first occurring at the end of the fourth year after the loan is made. The thre…

You borrow $15,000 at 15% per year and will pay off the loan in three equal annu

You borrow $15,000 at 15% per year and will pay off the loan in three equal annual payments with the first occurring at the end of the fourth year after the loan is made. The thre…