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Assume that wages for data entry clerks are lower in India than in the United States. Does this mean that data entry jobs in the United States will be outsourced to India? Explain.
q1. explain how do you calculate the cost index using the nominal gdp to get the real gdp in billionsq2. the ncaa
Consider a diagram containing isocost curves for the production of a given level of a final commodity in the household production model. Assume that purchased inputs are represented on the vertical axis while the time input is measured on the horizon..
What is the monopolist's profit under the following conditions? The profit-maximizing price charged for goods produced is $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units, marginal cost is $8, and..
FSU is using 10 acres of land and 50 tons of cement to produce 1000 additional parking spaces. Land costs $4000 per acre and cement costs $12 per ton. For the input quantities currently being employed, marginal product of land and cement is given by ..
Consider a consumer with utility function u(x1,x2) = x1x2 and income m who faces given prices p1 and p2. Draw the new budget constraint, optimal choice and indifference curve going through this optimal choice. What is the effect of the increase in pr..
How can managers deal with these problems? If a US corporate headquarters asks a manager to offer kickbacks or other bribes, what are the options?
Suppose that the Mexican Peso is trading at 10 pesos per dollar, the interest rate in the US is 5% and the interest rate in Mexico is 4%. What must happen to the exchange rate in order for the interest rate parity condition to hold?
q1. on one hand the wtos role in international trade is becoming more significant. on the other hand its verdict on the
Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then, interest rates will most likely stay the same.
In what ways do you think their behavior would differ from comparable doctors in a not-for-profit hospital in the US?
Machine A costs $20,000 to purchase and is worth $5,000 in 6 years. Machine B costs $10,000 to purchase and is worth $2,000 in 4 years. Assume that these machines are needed for 24 years and can be repurchased at the same price in the future. (use 10..
If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?
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