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Q1. Suppose that in Saudi Arabia produces 200 million barrels of oil and 3 million cars; and that the United States produces 300 million barrels of oil and 2.5 million cars. Without trade, can Saudi Arabia produce more oil and more cars? Exclusive of trade, can the United States produce more oil and more cars?
Q2. Why are foreign investors attracted to countries with high GNI and GDP?
Q3. How might oligopolistic increase total revenue without changing prices?
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
Calculate the tax incidence of the buyers and the monopolist.
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital.
Elucidate is the efficient yearly output of paper and how can this be achieved.
What would happen if suppliers charge less than the equilibrium price for your good or service.
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
Calculate a marginal cost as well as an average cost schedule for the firm.
Now Assume the theater increases the number of its ads to 250. Should the theater increase its cost following this ad campaign.
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
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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