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For a course in international trade, our professor touched on the idea of immiserizering growth. He emphasized that immiserizing growth was a theoretical outcome from specialization of trade and did not provide the class with examples on the global market.
What are some real world examples of immizerizing growth?
If marginal cost exceeds marginal revenue, a profit-maximizing monopolist will
Consider a new per-worker employment tax on workers (where previously there was no tax). outline the consequences of this tax on the local labor market. use appropriate, clear and well labeled diagrams.
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
You are the manager of global opportunities for a U.S. manufacturer, who is considering in Europe expanding sales.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
Assume a monopolist sells its product or service for the same price to all buyers. Also assume that the monopolist lowers its price to increase unit sales (i.e. output). We know that if the price effect associated with an increase in output exceeds t..
Think of another good that you have purchased recently Be specific (e.g. is it breakfast cereal in general or Cheerios cereal specifically). If the price of this item increases, how would this affect the quantity of the good that you consume? Is the ..
Neville has demand function q = .02m - 2p, where m is income and p is price. Income is $8,000 and he initially had to pay a price of $40 per bottle of claret. The price of claret rose to $80. The substitution effect of the price change is?
firms marginal cost curve crosses marginal revenue curve at an output level of 1,000 unit. What is firms current profit. What is likely to occur in this market and why.
Discuss salary determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
In terms of the shareholder wealth maximization model, if the expected future profits of a firm are cut in half, what should happen to the share price?
We live in an environment characterized by increasing complexity in the legal and regulatory environment as efforts are made to marry concerns about social responsibility with a responsive regulatory environment.
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