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There have been tariffs on imported steel to 'protect' U.S. steelworkers. Who do the tariffs harm and who do the tariffs help? How does this hurt or help the international competitiveness of the U.S. auto industry? With the tariffs imposed, how is the level of exports in other U.S. exporting industries affected? Explain Answers.
Illustrate what are the equilibrium wage rate and level of employment. What is the amount of economic rent.
Suppose that you have a job paying $40,000 per year. With a 15% probability, next year your wage will be reduced to $10,000 for the year. What is your expected income next year? Suppose that you could insure yourself against the risk of reduced consu..
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
How does monopolistic competition differ from pure competition in its basic characteristics? From pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the demand curve facing ..
Based on the case “Cola Wars Continue: Coke and Pepsi in 2010,” use game theory approach/analysis to explain the competitive behavior of Coke and Pepsi making specific references to actions taken by each firm and the different “battlefields.” What co..
Suppose you have a demand function given by: Q = 600 ? 0.5P. What is the price at which demand elasticity is Ed = ? 2? Hint: Instead of using price to find elasticity, you will now have to use elasticity to find price. You can use the point elasticit..
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
As Disney, Inc. was set to open the gates to its Hong Kong theme park, the company was broadsided by protests and calls for boycotts by environmental groups. Sparking the controversy was the pre-park opening release of its food menu, which included s..
In the past manufactures dominates the supply chain, but now the supply chain is dominated by large retailers. Give two reasons why this is the case while referring to "Power".
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
Estimate the owner's decision to start Sound Devices. Are any of the above costs likely to be one-time costs? If so, how would this affect your answers. Explain.
If the incremental federal income tax rate is 34% and the incremental state income tax rate is 6%, what is the effective combined income tax rate (t)? if the satiate income taxes are 12% of taxable income, what now is the value of t?
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