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Consider a hypothetical example of trade between the United States (a developed country) and Brazil (a developing country) is as followU.S. Exports ($b) to Brazil U.S. Imports ($b) from BrazilLotion & Powder 80 65Perfume 70 120Fragrance 100 70Find:a. the total trade ( TT) between the US and Brazilb. the net trade (NT)c. the intra industry trade (IIT)d. the intra industry trade share
Veronica Martz has determined that demand for her Derby lunches is given by Q= 150-0.4P and a cost equation given by C= 80+5Q. Decide the optimal price and quantity for the firm. (Price should be calculated to nearest cent. Example: $ 5.43 must not b..
Compute their TR, MR, ATC, MC and profit/loss schedules and find out the equilibrium price, equilibrium output, unit profit, and total profit at the equilibrium point for these ingenious entrepreneurs.
If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.
Assume that the two firms behave as Cournot Duopolists. Explaining the concept of best response or Creaction function, determine the best response function for each firm. Calculate the profit maximizing output of each firm and the market price.
What price would I want to sell my 12 posters to my 12 friends if my first friend will buy it for $11 dollars, my second at $10 dollars, and so on until that 12th friend would get the poster for $0 dollars?
According to the Wall Street Journal, merger and acquisition activity in the first quarter of 2004 rose to 5.3 billion- an investment level not seen since the second quarter of 2001. Approximately three fourths of the 78 first quarter deals occurred ..
Why that is the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?
according to the rule for optimal input usage a firm should hire a person as long as her marginal revenue product is
a large electronics company is organized into mainly profit-center divisions. the components division and the consumer
Does a monopolistic competitor produce too much or too little output compared to the most efficient level? What practical considerations make it difficult for policymakers to solve this problem?
What"s wrong with this way of thinking? “Economists claim that when the price of something goes up, producers increase the quantity supplied to the market. But last year, the price of oranges was really high and the supply
Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 and 9 units.
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