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Iron ore is Australia's largest export. Suppose that there was an unexpected decrease in demand for Australia's iron ore exports globally. Explain what this would do to Australian Dollar exchange rates, and how this would impact other exporting industries, other import-competing industries, and domestic consumers.
Revisit the relationship between the slope and the concept of elasticity. What is the impact of “time” on elasticity values and applications? What would happen to the demand for luxuries and necessities if wealth were to be redistributed from the wea..
Bob and Karl are deciding how to split their time between writing music and lyrics for their new album. Their PPFs for 72 hours of work are shown below. Bob and Karl have to write music for 8 songs and lyrics for 12 songs (4 songs already have music)..
Many students are surprised to learn that employees may be fired for any reason not expressly prohibited by the law. As we have seen, the law requires employers to accommodate a fairly wide range of employee behaviors and conditions. However, there a..
Which MACRS (Modified Accelerated Cost Recovery System) depreciation method is used to provide a lesser extend for tax deduction purpose?
XYZ has 5 million shares outstanding at a current market price of $65 per share. What is the maximum cash price per share that could be paid for XYZ?
Calculate the firm’s maximized profit, and the revenue and cost that produce that profit. (h) Calculate the elasticity of demand at the profit-maximizing point. (i) What is the firm’s markup at the profit-maximizing point? Confirm that this markup ha..
Consider the horizontal quality model on the unit interval from 0 to 1. There are N consumers located uniformly along the interval. There are two firms, with zero marginal costs, initially located at 0 to 1. If the firms sell to the whole market, der..
Explain and discuss view that at beginning of 21st century in US, key macro-finance ratios were such that a decade of negligible real returns to stocks was in prospect. Are key financial ratios useful for forecasting returns to major asset classes..
Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals.
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples.
This question may require some research. The US-Mexico Bracero Program was eventually opposed by:
Compute the PV of your LEASE and LOAN payments and subtract these two values.
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