1. When should the geometric mean return be used to measure returns? Why wl it always be less than the arithmetic mean (unless the numbers are identical)?
2. The financial instruments market is international - how does this make decisions that companies make more complex? Look at working capital, capital budgeting, and capital financing decisions.
3. Many supermarkets sell both branded and private-label merchandise. Suppose the demand for Publix-brand bread is less elastic than the demand for Wonder Bread. Should Ingles-brand bread be priced higher? Why or why not?