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Consider the Heckscher-Ohlin-Samuelson model for the US producing 2 goods (digital cameras and baskets) using 2 factors (capital and labor). Let the production of digital cameras be relatively capital-intensive. If foreign owners of domestic capital decide to decrease their investment in the US, how would that affect the output in each industry?
What are the costs of inflation? Which of three costs do you think are most important for the U.S. economy?
why might a parent company like McDonald s or Hilton choose to franchise its local outlets rather than own them and staff them with employees In many smaller cities all McDonald's outlets are owned by the same franchisee.
In this age of globalization, boundaries between firms and boundaries among marketplaces are hardly ever distinguishable.
Payroll Tax- You are an economic consultant to a city that just imposed a payroll tax of $1 per hour of work. This payroll tax is paid by workers through a payroll deduction.
1) Write down expressions for the average cost function, marginal costfunction, and average variable cost. 2)What is the level of output that yields the minimum average cost of production?
What were the major forces behind urban growth in early United States history? What influence did urban growth have on urban concentration and population density?
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Calculate the price elasticy of supply for Barbie's Bakery's whole wheat loaf. When the price changes by 26%, the quantity supplied changes by 51%.
Define the following cost types: total cost, fixed cost, variable cost, average total cost, and marginal cost within U.S. Healthcare.
Suppose there are 9 firms in the photographic film industry with corresponding market shares as given in the table above. Under present merger guidelines with respect to industry HHI and the change in HHI resulting from a merger
Illustrate the impact of food stamps worth $100 compared to a $100 cash transfer on Joe's budget set b. Starting this month, Joe would receive food stamps worth $100 per month. How much more food would he buy this month if food on average costs $2..
Beta Corporation received permission to change its tax year from a calendar year to a year ending August 31. Its income for the eight months ended August 31 is $96,000.
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