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Assignment:
With the help of all assumptions needed for it, state and explain Heckscher-Ohlin theorem. (Be thorough and answer in detail) What is the extension by Paul Samuelson for it? (Hint: Factor Price Equalization)
UP Fitness will install 3new "trapezoidal gel-resistance toners" ("trappy" for short), the latest exercise gadget, specifically designed to contour upper back m
Gary knows very little about the difference between makes and models. How could he use market signals, reputation, or standardization to make comparisons?
By drawing a graph for the market demand and supply (of commodity X) show the conditions of ‘equilibrium', ‘excess demand', and ‘excess supply'.
Draw the production possibility frontier for each country. Which country has a comparative advantage in apples, which one in bananas?
The manager of a stockroom in a factory has constructed the following probability distribution for the daily demand (number of times used) for a particular tool. It costs the factory $10 each time the tool is used. Find the mean and variance of the..
A company invested $450,000 ten years ago in a new technology that is now worth $1,000,000. What rate of interest did the company earn on a simple interest.
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
Contrast the institutionalist approach to development with the dependency approach. Are there strong similarities, as well as differences?
much has been made of the fact that people dont consistently act with scientific rationality. what is meant by
If many random samples of size n = 4 were collected, and in each case the sample mean was calculated, how would these sample means fluctuate? (i.e. what is the expected value of the sample means and what is the standard error?
Suppose that a perfectly competitive firm faces a market price of $7 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curveat an output level of 1,400 units. If the firms produces 1..
There are 10 firms of equal size in an industry. If 2 of the firms merge (a) find the new concentration ratio; (b) find the new herfindahl-hirschman index.
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