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Suppose that cars are an external economies of scale good. Imagine that the US has an initial (head start) advantage in car production. Mexico has not produced any cars, but is considering entering the car industry. Despite the US's initial advantage in car production, Mexico is able to enter car production and eventually becomes the world's only producer of cars. Draw a diagram with a forward falling supply curve for each country that illustrates this scenario, and briefly explain using words.
Describe and explain overall wage trends in the US and describe and explain trends in income disparity in the US.
How the brands are alike and how they differ. A preliminary analysis of any gaps that exist in the portfolio that might lead to opportunities to add to the brands.
a best-selling author decides to cash in on her latest novel by selling the rights to the books royalties for the next
Sarah's new utility-maximizing combination of books and movies is five movies and four books. Given information, can we say whether movies are a normal good?
For the scenarios discussed below, use supply and demand curves and a graph to analyze what will happen to both price and quantity in equilibrium
Why does the elimination of pooling (SFAS No. 141) and the indefinite life of goodwill subject to impairment (SFAS No. 142) represent a possible "quid pro quo?
The Dalai Lama is an inspirational figure to millions who incur substantial travel and time costs to attend his lectures and absorb his wisdom.
suppose that gunk is a pollution by-product of manufacturing computer processors. environmental activists propose
In mature industrialized societies, the capital/output ratio is approximately 3.0. If the average depreciation rate is 0.04, what would be the current saving.
A tariff is a tax on imported goods. Suppose the U.S. government cuts the tariff on imported flat screen televisions.
What is the dissimilarity between positive and normative economics? Explain the difference between the two and give an example of a normative economic question and a positive economic question.
Determine how the issue of time affects the consumptive choices you make. Provide specific examples to support your response and discuss ways that the relative scarcity of personal savings in the U.S. may impact business growth.
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