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"Shipping is perhaps the most international of all the world's great industries - and one of the most dangerous. It has always been recognised that the best way of improving safety at sea is by developing international regulations that are followed by all shipping nations." (IMO 2014)
Examine the case for strong regulation in the freight market.
You have a gross income of $355636 in 2014. Your filing status is single. You do not itemize deductions and you are allowed 1 exemption. What is your federal tax bill, assuming phase out of personal exemptions based on income?
You are the manager of a monopolistically competitive firm. The inverse demand curve you face is P = 50 – 4Q. Your cost function is C(Q) = 10 + 2Q. What level of output should you produce to maximize profits? What is your profit and what will happen ..
What is the principal remaining after 15 monthly payments have been made on a $23,000 four-year loan? The annual interest rate is 12% nominal compounded monthly. Please show all steps.
If a nation exported much of its output but imported little, would it be better or worse off? How about the reverse; that is, exporting little but importing a lot?
What is required before the state can restrict/regulate your use of real property? Why does the law require special steps be taken for the formation of joint tenancy?
Now suppose as a result of a mandated increase in the minimum wage the wage increases to $80. What would be the implication of this change for this firm?
President Bill Clinton assigned his wife to task of developing a national health insurance plan to increase availability of medical care for poor. How would one determine opportunity cost of proposal.
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Calculate the elasticity of demand as a function of Q. Does firm's profit maximization problem satisfy the global SOC? Using your answer 1,2 question, what is firm's profit maximizing markup?
Describe what observations and decisions might be made based on comparative labor costs. What countries, based on labor costs alone, might seem best to lower labor costs.
What is the diamonds water paradox and how is it explained?
What were the elements behind the successful acceleration of industrialization after 1865. What were factors that caused ex-slave states in the south lag behind the north in participation in this acceleration of industrialization?
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