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Foreign trade and foreign exchange
Your company has definitely become a global company in the past 5 years. 40% of your sales are now exported to other countries. You import 60% of the raw materials which go into the production of your product. And you have begun to outsource some of your labor intensive activities to other countries as well. The value of the U.S. dollar has been depreciating versus many of the currencies from countries in which you do business.
Do these macroeconomic factors affect any of your decisions regarding the price of your product or the quantity of the product you are choosing to produce? What other business decisions are impacted as well, and how? Explain.
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
The U.S. government spends over $15.8 billion on its Food Stamp Program to provide millions of Americans with the means to purchase food.
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Elucidate the similarities and differences of the breakup of the AT&T/Bell System antitrust problems.
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
You are planning a short-run production function for your firm, and you have collected the following data on labour usage and output: Calculate estimates of total. Average, and marginal products when the firm employs 23 workers
Explain how can rational thinking the above behaviors. How do your thoughts impact, if at all, your opinion of the theory.
Be sure to describe the two step method used in FASB 52 and how highly inflationary economies
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
In the following list a number of well-known companies and the products that they sell. Which of the four types of markets (perfect competition, monopoly, monopolistic competition, and oligopoly)
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