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Discuss and differentiate the Ricardian and Heckscher-Ohlin (HO) theorems in international trade. Also use HO theorem to discuss the rise of tourism as a trade in Pacific Island Countries.
A firm faces a demand where q=20-P. q is quantity demanded, P is price. Its total cost function is TC = 2q^2 + 2q + 20. How many should it produce to maximize profit? What is the price it charges to its consumers?
Write equations for APL and MPL and graph them on the same set of axes. b. At what level of L is MPL at its maximum level? At what level of L is APL at its maximum level?
Suppose that inflation was expected to equal 6 per cent in 2015, but prices rose by only 3 per cent. How would this unexpectedly low inflation rate help or hurt each of the following?
Illustrate what should the Fed do if it wants to stabilize aggregate demand.
According to the US Department of Health and Human Services, individuals living in rural and isolated areas face special challenges in receiving timely, quality health care (Fact, 2006). Discuss your thoughts on the impact of policies that call for i..
A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. What is the private market pric..
What are common Windows utilities used to maintain Windows? What are the corresponding file name?
Sketch the aggregate demand-aggregate supply model of the macroeconomic for the short run, assuming that the economy is in the expansionary phase of the business cycle.
The XYZ Block Company purchased a new office computer and other depreciable computer hardware for $4800. During the third year, the computer
What should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above?
If 5 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated?
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
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