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The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School
If offshore assembly provisions were extended to include more goods, what would this do to the actual level of protection provided by a country’s nominal tariff schedule? Explain. If the extension of the provisions is made to final goods but not to i..
Consider the problem of satisfying the demand for number 2 pencils faced by the campus store mentioned in problem number. Re-solve the problem, substituting a Type 2 service level criterion of 95 percent for the stock-out cost. Assume that Q is given..
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
In a competitive market free of government regulation,
Discuss the capture of the regulatory agency and your prediction as to the capture of the replacement regulatory agency and the politicians in the future.
Let the price of Barbancourt (the Haitian Rum) be $15 a bottle in 2000 and $25 in 2010, and its production 5000 and 7500 bottles respectively for the two years. Let the price of a bag of rice be $20 in 2000 and $35 in 2010, when its production is 100..
Compare the effects of an aggregate-demand-induced recession with an aggregate-supply-induced recession.
What are the studies that control for changes in technology, capital availability and perhaps other factors and quantify the impact of merger control on economy-wide market structure/concentration measures?
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total revenue. Also, compute the maximum amount of total revenue received by t..
An airplane takes off from Montreal on Friday morning at 7:30am heading to Los Angeles, California with 117 passengers and 7 crew members aboard the plane. The plane is traveling 430 mph. California is 2000 miles away. It has 86 passengers on board t..
when the state cuts its rate by 4 cents an hour. Explain how the fall in the average weekly wage and the minimum wage will influence aggregate supply.
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