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Discuss the shift in the international trade of goods and services in the past two decades
The Kinked demand curve in an oligoolistic market is represented by the following:P = 100- Q and P = 120-2*Q
Why do some stores offer senior citizen discounts on Tuesdays? Senior citizens have perfectly inelastic demand curves, whereas other shoppers do not.
For each of the following statements, identify the type of market it describes. Use an example from the readings or the internet for each characteristic and explain your choice.
Using the above equations, impose the restriction Q1=2Q2. Find the profit maximizing Q1 and Q2 using the substitution technique.
$10,000 is exchanged into Swiss francs at an exchange rate of $1 = 2 SF to buy the bonds. How many dollars will the investor have after one year if the exchange rate is then $1 = 1.5 SF?
suppose that a researcher using wage data on 250 randomly selected male workers and 280 female workers estimates the
Distinguish between private and social costs and use this distinction to explain why the air in cities is so polluted from automobile exhaust fumes. Examine how government can try to correct this externality.
Elucidate the risks inherent in having the government step in to compensate for market failure.
In addition to depending on disposable income, suppose household consumption were also a function of the interest rate. In particular, assume that households consume more (i.e., save less) when the interest rate falls. Assume prices are fixed in t..
If surgeons really have the ability to increase the demand for operations, which kinds of operations will be most affected? Can you think of a way to determine which operations are unnecessary?
Find the rank in economic freedom of the countries and find the rank in business, trade, financial freedom, and property rights of the countries.
in our look at democracy and sovereignty one of the things that we observed is that we are seeing a rise of subnational
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