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Consider a small country that exports steel. Suppose that a "pro-trade" government deicdes to subsidize the export of stell by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of stell consumed, and the quantity of steel exported? how does it affect consumer surplus, producer suprlus, government revenue, and total surplus? is it a good policy form the standpoint of ecomonic efficency?
For several months before your vacation trip to germany,you fiind out that the exchange rate for the peso has increased relative to the euro. are you pleased or saddened explain.
If the company were to build the bridge, illustrate what would be its profit-maximizing price. Would that be the efficient level of output.
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Illustrate what is the tax burden on consumers also producers. Illustrate what is the deadweight loss.
neither person may trade away any water to the other for exchange for more bread. Set up an Edgeworth Box to depict this situation and elucidate why it is unlikely to be Pareto efficient.
Elucidate why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
Describe elderly individuals who complain about the increasing cost of their medications have no real complaint.
Assuming that my situation is that of other firms, in which of these cases is output similar to short run equilibrium output.
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
Environmentally appropriate production technologies also precuts with eco friendly packaging also recyclable materials.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
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