Explain how the following events may affect the profit rate for a U.S. firm and industry (be sure to define your measure(s) of the profit rate) :Consider both the immediate impact and the possible long run implications: (1) across firms within an industry; (2) across industries and (3) across nations please long and mindful answers that covers all three categories. a) Oil price increases b) Election of a union-backed government c) Outsourcing of clerical work to India d) Introducing a better assembly line
Explain how the following events may affect the profit rate for a U.S. firm and industry (be sure to define your measure(s) of the profit rate) :Consider both the immediate impact and the possible long run implications: (1) across firms within an industry; (2) across industries and (3) across nations please long and mindful answers that covers all three categories. a) Oil price increases b) Election of a union-backed government c) Outsourcing of clerical work to India d) Introducing a better assembly line
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 11SQP
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Explain how the following events may affect the profit rate for a U.S. firm and industry (be sure to define your measure(s) of the profit rate) :Consider both the immediate impact and the possible long run implications: (1) across firms within an industry; (2) across industries and (3) across nations
please long and mindful answers that covers all three categories.
|
a) Oil |
|
b) Election of a union-backed government |
|
c) Outsourcing of clerical work to India |
|
d) Introducing a better assembly line |
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