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A firm has a production function of Q = L1/3K 2/3
What are the major economic justifications for state intervention used by mercantilists and what are the major types of problems with state intervention as they pertain to international political economy?
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.
Calculating elasticity: Draw a set of coordinate axes on a piece of graph paper. Label horizontal axixs from 0-50 units and vertical axis from $0- $20 per unit. Draw a demand curve that intersects the vertical axis at $10 and the horizontal axis at 4..
The nation of Utopia has an unemployment rate of nearly 9% and a current account surplus close to 0% so that one can say Utopia is in external balance. a) What can one infer about capital flows to and from Utopia?
Steve Parkhill, Rogers’ Chocolate President, has asked you to make three priority recommendations to position the company for growth. What are your recommendations, and why to do you believe they warrant priority?
Which of the following are reasons that economists use to explain the decrease in the natural rate of unemployment between the 1980s and the early 2000s in the United States? Each bin contains more than one correct answer and all items should be plac..
Calculate Anthony his explicit cost for operating his consulting firm for a year?
The sub- prime loan disaster and the ensuring collapse of the US housing market have resulted in fewer mortgage loans and in significantly reduced residential construction. prices of lumber and wood building products to plummeted. explain how the res..
Suppose that when the price of X goes up, you respond by consuming less Y . Illustrate the substitution and income effects of an increase in the price of X. How does your graph illustrate the information in italics above? Is Y a normal good or an inf..
Assuming International political economy viewed through realism’s lens is all about power, what types of power and why? What are the real-world outcomes of such a realist point of view? How will a country “behave” toward others, for example?
How does monopolistic competition differ from pure competition in its basic characteristics? How does it differ from pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the d..
Charlie has $12,000 to invest for a period of 5 years. The following three alternatives are available to him: Account 1 pays 3.00% for year 1, 6.00% for year 2, 9.00% for year 3, 12.00% for year 4, and 15.00% for year 5, all with annual compounding. ..
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