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China vs. India
After analyzing the cost savings of both India and China, please give me your opinion on which country would be a better choice to manufacture our GPS product and your explanations as to why.
Explain how would you classify the product in terms of it's income elasticity.
Estimate the own price-elasticity of demand.
Time Magazine and Newsweek are two competing news magazines. Suppose that each company charges the same $5.00 price for their magazines. What is the Nash equilibrium for this sequential game?
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
Assume total benefits also total costs are given. Elucidate level of Y will yield the maximum net benefits.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Assume the graph below represents the market demand for a patented prescription drug together with the marginal cost and average cost functions for producing the drug. Draw the marginal revenue function for this firm.
Describe the current status of Real GDP and unemployment rate and inflation rate.
Describe autarky equilibrium if all the English always consume equal quantities of wine and cloth. Describe autarky equilibrium if Portugal always consumes equal quantities of wine and cloth.
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
Assume both the spot rates unexpectedly shift downward by 1%. What is the price of a forward contract otherwise identical to yours.
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