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List five items that are imported from China that you consume on a regular basis. How does this affect our economy? Do you feel guilty consuming these items? Why or why not?
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..
Tracy is a marketing manager at humbert and humbert literary works. She has estimated that the likely demand for a new novel is well represented by equations Qd=10,000- 400(p) +10,000 x D + A/10. Qd is the number of books sold.
What is the value of the project? And what is the optimal strategy to use natural gas vs. coal?
What amount of end-of month deposit must be made each month until the man retires so that he can make annual withdrawals
if consumption in the changed to 43 while government expenditure and net exports remained constant, what would happen to investment as a share of GDP ?
What is the implication for the real exchange rate if the PPP condition holds? Under what circumstances does the PPP theory explain how exchange rates are determined why is it not completely accurate all the time?
The Johnson Robot Company's marketing officials report to the company chief executive officer that the demand curve forth company’s robots in 2004 is-At what prices is the demand for the firm's product price elastic? If the firm wants to maximize its..
To analyze the effects of discrimination in labor markets, use supply and demand curves for labor, with the demand curves representing the value of the marginal product. Acme and United are two identical firms. Acme refuses to hire blacks, while Unit..
If the regulator wants to use a transferable emission permit scheme to achieve industry abatement of 50%: How many permits will it need to issue? If each firm receives one -half of the permits at no charge initially, explain what permit trading will ..
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $100.00. Her variable costs are $1,500 for the first thousand posters, $1,200 fo..
Suppose that Tamara and Vicki are both in the public eye. They get offers to sell secrets of the other to tabloids. If both keep the secrets, they are both better off than if they get exposed. If only one is exposed, the other person is better off th..
(a) What is the joint probability distribution for first cost and net revenue?
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