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a) The 2010 oil spill in the Gulf of Mexico caused the oil firm BP and the US government to greatly increase purchases of boat services, various oil absorbing materials, and others to minimize damage from the spill. Use side-by-side firm and market diagrams to show the effect of such shift in demand in one such industry in both short run and long run.
b) The 1995 North American Free Trade Agreement provides for two-way, long-haul trucking across the US-Mexican border. US truckers have objected arguing that the Mexican trucks don't have to meet the same environmental and safety standards as US trucks. They are concerned that the combination of these lower fixed costs and lower Mexican wages will result in Mexican drivers taking business from them.
What would be the short-run and long-run effects of allowing entry of Mexican drivers on market price, quantity and the number of US truckers?
Suppose two people make up the market for my old wrestling cards. The first has a demand curve given by the equation Q = 10 - P. The other has a demand curve given by Q = 20 - 2P. Graph each of these, then graph the market demand curve.
Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected?
The Snicker Company, the largest manufacturer of Snickerdoodles in State F, decided about two years ago to enter the cookie market in State G. Several small companies in State G manufacture Snickerdoodles, but the market has traditionally been very s..
QUESTION 1: According to the quantity theory of money, the quantity of money determines the
Suppose that last year one dollar US exchanged for one euro if this year one dollar exchange for $.90 euro we can conclude that:
The fact that millions of jobs are created and destroyed every year is a sign of. The full employment in the economy is considered to be achieved when. Who would be hurt by unanticipated inflation?
Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. If the Federal Reserve buys $10 of government bonds from banks, by how would would the follow..
If two goods are supplements, their cross price elasticity will be:
If G = 3800, Derive the equation of the actual budget deficit BDA as a function of t (tax rate). Find the tax rate at which the country will be running a budget balance. Find the values of the deficits for the following tax rates: 20%, 22%, 25%, 30%,..
What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes.
q.bethlehem as well as youngstown two major steel producers accounted for about 21 percent of the national steel market
q1. the banking market in athens ohio currently has four banks with market shares of 60 percent 20 percent 15 percent
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