ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- 18. Why does Employment Insurance cause unemployment? (A) It increases the price of labour by mandating a minimum. (B) It incentivizes the unemployed to remain so. (C) It reduces the demand for labour. (D) It releases currency into the economy.arrow_forward19. Canadians' New Focus on Thrift Canadian shoppers' shift to greater thriftiness has been unkind to retailers like Bikini Village and Le Chateau, which recently posted losses, but it may be a boon for budget stores like Dollarama Inc., which recently generated double-digit sales. Source: The Financial Post, July 3, 2011 Draw a graph to show the effect of increased thriftiness on sales at (i) Bikini Village and (ii0 Dollarama. Use the following information to work Problems 20 and 21. Boom Time For "Gently Used" Clothes Most retailers are blaming the economy for their poor sales, but one store chain that sells used name-brand children's clothes, toys, and furniture is boldly declaring that an economic downturn can actually be a boon for its business. Last year, the company took in $20 million in sales, up 5% from the previous year. Sales are already up 5% this year. Sources: CNN, April 17, 2008 20. a. According to news clip, is used clothing a…arrow_forward(Please refer to the attached image.) 1. What is the message in this cartoon? 2. Does the cartoon show a challenge or an opportunity? Why do you say so?arrow_forward
- Nile.com, the online bookseller, wants to increase its total revenue. One strategy is to offer a 10% discount on every book it sells. Nile.com knows that its customers can be divided into two distinct groups according to their likely responses to the discount. The accompanying table shows how the two groups respond to the discount. Group A Group B(sales per week) (sales per week) Volume of sales beforethe 10% discount 1.55 million 1.50 million Volume of sales afterthe 10% discount 1.65 million 1.70 million A. Using the midpoint method, calculate the price elasticities of demand for group A and group B. B. Explain how the discount will affect total revenue from each group. C. Suppose Nile.com knows which group each customer belongs to when he or she logs on and can choose whether or not to offer the 10% discount. If Nile.com wants to increase its total revenue, should discounts be offered to group A or to group B, to neither group, or to both groups?arrow_forwardExplain Emerging trends in e-HRM?arrow_forwardTyped plz Please I want up vote on this solution Take care of plagiarismarrow_forward
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