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The countries are Germany and Poland.
Identify the relative factor intensity of the sectors of Germany and Poland has a comparative advantage in, identify the relative factor abundance of Germany and Poland, compare between them to verify if the outcome is consistent with the H-O theorem Supporting data on factor abundance and where possible, factor intensity should be provided.
Which country has a comparative advantage in producing apples when comparing to all other countries?
With regard to global warming policy, describe, in a short paragraph, the importance of: Discounted costs and benefits. b) Public goods.
There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q) = 10q2 +200q + 7000. The market demand is P = -4QD + 3000. Find the short run equilibrium price, market quantity, and firm quant..
How might the firm deal with the problems that such a strategy poses?
It is expected that a pump will incur operating cost of $ 2,000 for the first year and that these costs will increase $ 400 each year thereafter for the 20 year life of the pump. If the money is worth 15 % per year to the firm, what is the equivalent..
Suppose each of the 50 states in the United States had only one gasoline station, and all stations were the same size (sales were the same in each gas station).
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
Evaluate the idea of a low-fat cookie and muffin retail store. Are there any concerns in connection with starting a small business that Jack and Bruce have not
Is an oligopoly inevitable in the diamond industry? And what components are needed to ensure that price will remain unchanged?
Solve for market equilibrium price and quantity. Illustrate your answer with a diagram of market. What are dollar values of consumer and producer surplus.
In the U.S., it requries 20 labor hours to produce one bushel of wheat and 80 labor hours to produce one computer. In France, it requires 25 labor hours
q1. explain why the following situations would occur in terms of the factors that affect elasticity.a demand for
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