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How does a tariff affect the domestic price of the import, the domestic consumption, the domestic production, and the quantity imported. (6-9 sentences)
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be be $60,000, and if it sold 1000 units perday, it would have a total cost of $5..
The demand for a monopolist's output is 2,000 / (p+1)2 where p is the price she charges. At a price of 3, the elasticity of demand for the monopolist's output is:
Choose one emerging trend in customer service and discuss how it is impacting the relationships between companies and customers.
If good or service is a necessity rather than a luxury then the:
Corporations are limited-liability companies which means that
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
You are interested in evaluating the role of playing chess among children on their school performance. What is your primary explanatory variable (X)? How would you measure X? What is your equation?
Two countries will have zero incentive to trade if their production possibilities curves are parallel straight lines because One country has a comparative advantage in the production of both goods, thus providing that country with no incentive for tr..
Your company must make a $750,000 balloon payment on a lease 2 years and 9 months from today. You have been directed to deposit an amount of money quarterly, beginning today, to provide for the $750,000 payment. The account pays 8% per year, compound..
Why might someone with only $1,000 to invest in the stock market be better advised to put that money into a mutual fund that holds stocks rather than buying stocks directly?
ESPN currently pays the NFL $1.1 billion per year for eight years for the right to exclusively televise Monday Night Football. What is the net present value of this investment if the parent Disney Company has an opportunity interest rate equal to its..
Suppose a teenager is interested in buying a car that has a very good look. Draw the indifference curve for safety and look for this car, placing appearance on the horizontal axis.
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