Consider a classical model with the following specifications in q1, 2019: • labor supply: ns = (1 + γ) w p , • cobb-douglas production function, • the quantity theory of money accurately describes aggregate demand, • the theory of distribution holds, • parameter values: [γ, α, a, k, m, v ] = [30, 0.3, 130, 500, 2500, 40]. suppose a reduction in labor law regulations leads to an outward shift in labor supply, represented as an increase in γ from 30 to 32 during q2, 2019. assume that everything else stays the same. using equilibrium output level in period q1 and q2, calculate the annualized growth in output. a. 14.41% b. 14.91% c. 15.29% d. 15.94%

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability

Peter, the marketing manager of a company that manufactures church furniture, has been given the job of increasing corporate profits by five percent during the upcoming year. peter decided to give his assistant the full responsibility and authority for developing a mailing campaign to target churches in an entire state. in other words, peter has