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"The United States is suffering from an excess of imports. Cheap foreign products are driving American firms out of business and leaving the U.S. economy in shambles." Evaluate this view.
A pharmaceutical firm faces the following monthly demands in the U.S. and Mexican markets for one of its patented drugs: QUS = 300,000 - 4,000*PUS and QX = 240,000 - 7,000*PX where quantities represent the number of prescriptions. Estimate the profit..
how consumer surplus and producer surplus in a figure and calculate the value of consumer surplus and producer surplus under the government policy.
q1. the average height of 27 unfertilized plants is 13 cm s 3.9.and you wish to test whether this differs
Using the specific factors model elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital abundant country.
A college raises its annual tuition from $28,000 to $30,000 and its student enrolment falls from 4,877 to 4,715. Compute the price elasticity of demand. Is demand elastic or inelastic? Explain and show your work.
What are the three sources of funding for the public sector? Can the government rely on all of these sources in the long run? Explain.
One of the factors that determines cost of Homeowners insurance is location. Many areas of our country are exposed to severe weather, such as hurricanes, tornadoes, etc. Should the governments in those areas increase their responsibility for helping ..
A no production economy has 2 consumers (A and B) who each consume two different goods (x and y). Person A is endowed with (120,270) and has a utility function Ua(Xa,Ya)=X^(2/3)Y^(1/3). The initial endowment, the IC that go through the initial endowm..
The assessment provides the student with an opportunity to apply knowledge of an economic issue that is relevant to Australia's Trade and Investment Flows
Write a program that asks the user to input a set of floating-point values. When the user enters a value that is not a number, give the user a second chance to enter the value. After two chances, quit reading input. Add all correctly specified val..
q1. studies have fixed the short-run price elasticity for gasoline at the pump at -.20. suppose that international
A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop’s productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?
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