Roth breaks down the concepts of commodity, firmness and delight. He does so using examples of architectural works by Walter Gropius, Ludwig Mies van der Rohe, Eero Saarinen, Louis I. Kahn, Frank Lloyd Wright, Le Corbusier, Alvar Aalto, and Cass Gilbert, among others. Please choose...
What price should you charge for a meal? (Enter dollars and cents, separated by a decimal point; don't include the "$"). (b) Suppose your market research tells you that the four lowest value groups are all students. Should you offer a student discount? If so, how...
Explain why some developing countries have a "fear of floating" and opt instead for a fixed exchange rate regime. What are the risks inherent in this decision? 2) Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any...
In a fixed exchange rate system, what is a country's central bank committed to do with its currency in order to maintain its stable value in relation to the reference to which it is pegged? (2) Do you believe the economy of a developing country is...
Consider the Rothschild Stiglitz model of insurance markets. a. Illustrate the equilibrium we would expect in the insurance market if there were no information asymmetries. In other words, if the insurance company can observe each person's health status. b. Now illustrate graphically and describe in words a...
What rule of thumb does the book suggest is useful for determining whether randomness is needed in a constant-sum game? In general, how does a player determine the appropriate mix (probabilities) of their pure strategies? ...
Explain the two (2) types of Purchasing Power Parity (PPP). b) Explain any two (2) methods of translating the balance sheet. Please answer clearly...
What was the strategy of containment? Why was it created and how was it originally defined? How did the federal government's policy of containment change over time? In what ways was containment linked to the new Cold War emphasis on national security?...
Explain the difference between use-by dates, best before dates and rotation labels (ATLEAST 300 WORDS NEEDED). 2. What would the appropriate environmental conditions be for a smoked salmon and cream cheese sandwich platter that was due to be served in an hour's time to ensure...
Jill recently invented a new computer chip that employs different circuitry to consume far less energy than previous chips, and it requires special firmware that Jill coded herself. She has not sold the chip or publicly disclosed how she made it. She would like to...