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What would be the effects of each of the following on the supply of coffee worldwide? In each case, identify the responsible determinant of supply.
a. Freezing temperatures wipe out half of Brazil's coffee crop.
b. Wages of coffee workers in Latin America rise as unionization efforts succeed.
c. Indonesia offers big subsidies to its coffee producers.
d. Genetic engineering produces a super coffee bean that grows faster and needs less care.
e. Coffee suppliers expect prices to be higher in the future.
why social networks including Twitter have become so popular in the particular country.
what is the advertising elasticity of demand facing a typical producer, under the assumption that each producer has chosen its price and advertising level to maximize profits
The utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. At an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 to 10.
What is incentive compatibility? Why is it necessary for an indirect price discrimination strategy to be incentive compatible?
Illustrate your answer with aggregate demand and supply curves. What would you expect to be the effect on interest rates if the Fed held the money supply constant? Tell a complete story.
Again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and nonblack, single and black, and single and nonblack. What is the estimated wage differential between married blacks an..
If someone says, "You'd have to pay me to eat one more bite," what do we know about that person's marginal utility? What do we know about that person's total utility?
Show that the optimum can be sustained by a tax placed on good 1 (so the after-tax price becomes 1 + t) with the revenue returned equally to the consumers in a lump-sum manner.
demonstrate a seeming peculiarity about mixed strategy Nash equilibria. Consider the following game between the Chicago Bears' oense and the Detroit Lions' defense. Payos are the number of yards advanced (positive yards for Chicago are negative ya..
Which five countries have the greatest percentage of foreign-born residents? Why do the two lists differ so substantially?
According to the Census Bureau, 3.20 people reside in the typical American household. A sample of 26 households in Arizona retirement communities showed the mean number of residents per household was 2.86 residents.
create your own scenario and schedule for a 6-month or 12-month project. Include the five process groups, but focus on key tasks for executing the project. For example, you could develop a schedule for starting a business, renovating a house, deve..
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