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1. Do you think the Internet has changed the demand for imported goods in the U.S. economy? Explain.
2. Do you think that free trade has promoted a global distribution of wealth that hurt the U.S. job market? Explain.
the Cobb-Douglas production function given in equation 4-1 applies to a developing country. Instead of thinking of immigration from a developing to a developed country, suppose a developed country invests large amounts of capital (foreign direct i..
What methods of secure custody do you use in your prison? How does the prison environment influence the way you ensure security and custody in your prison? How do you ensure professionalism among the corrections staff?
In Japan potential GDP is 600 trillion yen and table demonstrate aggregate demand and short run aggregate supply schedules.
Various executive compensation plans have been employed to motivate managers to make decisions that maximize shareholder wealth. These include:
Compute the economic profit of the firm if Sales-10000,material cost-3000,labour cost-2000, Administration cost-1000.
Suppose the government reduces taxes by $20 billion and the MPC is 0.75. A. What is the total effect of this tax cut on equilibrium output?
Suppose the company wants to set its price equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year.
Use the following questions to make decision about a business idea of your choice. Be sure to write out your answers...to remember your decisions and build on them.
Using knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?
A no of empirical studies of automobile demand yielded the subsiquent estimates of income and price elasticities
Identify the profit maximizing quantity for the firm (Q M), price (P M), Marginal Revenue (MR), and Marginal Cost (MC) at this profit maximizing quantity. e. Explain in plain English why a smaller quantity than Q M does not maximize profit.
Suppose that in Horsehead, Massachusetts, the cost of operating a lobster boat is $4,000 per month.Suppose that if x lobster boats operate in the bay, the total monthly revenue from lobster boats in the bay is $1,000(28x - x2).
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