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Suppose that you are holding US currency (denoted by USD) and are planning a trip to visit either Brazil or Bolivia. To assist in computing the currency conversions, create a VI that uses the currency exchange rate for the Brazilian Real (denoted by BRL) and the Bolivian Boliviano (denoted by BOB). The VI should convert the currencies to/from USD to BRL/BOB. It should have a Boolean switch to select the desired country and another Boolean switch to specify whether you are converting to or from US dollars. You will always exchange from USD to BRL/BOB or from BRL/BOB to USD. Assume that the current exchange rate is 1 USD = 1.96 BRL and 1 USD = 7.02 BOB.
q1. find the equilibrium price and quantity after the shift of the supply curve.q2. a machine used to cereal boxes
You work for a marketing agency advising a client considering whether to drop prices during an economic downturn. The client, a manufacturer of children's outdoor swing sets, believes that reducing prices would lead to more sales. identify and evalua..
(Law of diminishing Marginal Utility) Some restaurants offer "all you can eat" meals. How is this practice related to diminishing marginal utility? What restrictions must the restaurant impose on the customer in order to make a profit?
Explain why Chrysler's decision might have been prompted by movements in its wage costs or capital cost, or both.
If a firm with monopoly pricing power in the market faces a demand curve of P = 2,000 – 2Q and seeks to maximize profit, what would be the marginal revenue for the monopolist
Michael Tanner and Stephan Moore of the Cato Institute recently calculated the hourly wage equivalent of welfare for a single mother with two children for each of the 50 US States. There estimates ranged from $17.50 an hour in Hawaii to $5.33 in Miss..
Consider the basic Rothschild-Stiglitz model with asymmetric information and two types on consumers. A policymaker who has taken this class suggests that is might be beneficial to impose a flat tax on healthy people and distribute the tax revenue to ..
Visit the Fed's Summary of Commentary on Current Economic Conditions, also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
Florida Citrus Inc. (FCI) produces and sells a highly popular sports drink in the North American market. For many years, it has sold in the Asian market through a Tokyo-based importer. The contract with the importer is up for renewal, and FCI decides..
karens performance pizza is a small restraunt in ny that sells gluten free pizzas karens very tiny kitchen barely has
Why is the demand for labor more elastic in the long run? The skills required for gold miners and coal miners are very similar. Suppose the price of coal declines --- what is the expected impact of thsi change on the labor supply curve for gold miner..
Which would be most characteristic of oligopoly? Oligopolistic industries are characterized by: Under monopolistic competition entry to the industry is:
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