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Q1. Elucidate this quote: "The United States can make certain toys with greater productive efficiency than China. So far we import those toys from China." Relate your answer to the ideas of Adam Smith also David Ricardo.
Q2. Suppose that four workers can harvest 20 bushels of corn on an acre of land every day, while five workers can harvest 25 bushel. Then
Q3. Assuming that a merger faces some threats also that the industry decides on self-expansion as an alternative strategy, express the additional complexities that would arise under this new scenario of expansion via capital projects. No page or word limits.
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
Explain how could those same inventory systems quickly transmit large demand shocks directly to sudden, deep recessions.
Calculate price, quantity and social surplus for the initial state and each policy.
B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.
How will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
Law of demand does not hold since attendance at the major league parks has dropped while at the same time ticket prices have fallen.
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