What is the difference between short run and long run decisions
What is the difference between short-run and long-run decisions? Give one example of each.
What is the difference between short run and long run decisions
After reading the Global Wine Wars Case, ( case attached) post a comment applying trade theories to the French dominance in wine trade for centuries. In other words, how were the French able to dominate the worldwide wine trade for centuries? The case notes the declining demand in France and Italy. How come the French producers didn’t become more efficient exporters in the seventies and eighties? Finally, propose two things the French should do in responding to its new competitors. Try to be realistic and think of the limitations that the French producers self-impose and those that are imposed by the government – ensure one recommendation is realistic. Your second recommendation can be more “theoretical†even if you believe it would be hard to implement. Your answer should include three elements:• Element 1: Which trade theory do you believe best explains why/how the French were able to dominate the wine trade for centuries? Note two reasons the French did not become efficient exporters when their local demand declined. Finally, propose at least one “realistic†thing the French should do and one more “theoretical†recommendation.• Element 2: References from the textbook ( Texbook to be consulted: International Business. Charles Hill and McGraw Hill-Irwin.McGraw-Hill Higher Education, 10th Edition, 2015. ISBN-10: 007811277X . ISBN-13: 9780078112775) It is important to include page numbers) with evidence/data/arguments that helped you arrive at your opinions and recommendations
How do you calculate the marginal revenue in a perfectly competitive market when 20 surfboards are sold, each for $400?
How does Steinbeck present the barn in Chapter 5 of Of Mice and Men, and why is it important to the novel?
A standard I-in. Schedule 40 steel pipe carries saturated steam at 250°F, The pipe is Jagged (insulated) with a 2-in. layer of 85 percent magnesia pipe covering, and outside this magnesia there is a ~-in. layer of cork, The inside temperature of the pipe wall is 249°F, and the outside temperature of the cork is 900F. Thermal conductivities, in Btujft-h-OF, are: for steel, 26; for magnesia, 0.034; for cork, 0.03. Calculate (a) the heat loss from l00 it of pipe in Btu per hour; (b) the temperatures at the boundaries between metal and magnesia and between magnesia and cork.
In a game, there are three rounds; the probabilities of winning first, second & third rounds are 3/4 , 1/2 and 1/4 respectively. A prize will be given, if any one wins all the rounds. What is the probability of winning the prize?
A. 29/32 B. 1/32 C. 9/32 D. 3/32 E. none
Script is a 15 minute sales pitch to potential investors and lenders. It should amplify the points on the slides, and end with the funds requested.
When conducting research, what is the best way to maintain one's respondents’ confidentiality and anonymity? Two paragraphs APA one reference
a) Prepare the general journal entries to record the above transactions. (6.25 marks)
b) Post the entries from the general journal to the general ledger accounts (running balance format) and enter the posting references in the general journal. (2.75 marks)
c) Prepare a trial balance as at 31 July 2018. (1 mark)
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