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In economics, when you plot cost and revenue on the Price-Quantity axis, the profit maximization condition is when marginal cost is equal to marginal revenue. This is a crucial notion to understand. Without it one can't effectively analyze profits.Does this make sense? Pleas explain
One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. Elucidate what effect do you think this will have on international trade between countries.
In the light of the Ricardian model, how might you evaluate the claim by developing nation that they are at a disadvantage in trade with powerful industrialized countries.
Decrease demand will send the price down again. It is uncertain, therefore, that the tax will really raise the price.
Elucidate unequivocally why the foundation of trade has nothing to do with absolute advantage and only the law of comparative advantage is relevant.
A market total demand is given through P = 80-(z/2). This market is supplied by a dominant firm & by other, relatively "small firms". The small company total supply is given by P=4y.
Describe the mission of the World Trade Organization. How effective are they in pursuing this mission What do you see as the future outlook for the WTO? Be sure to consider both challenges and opportunities.
Elucidate how the steepness of the short run aggregate supply curve affects the government's ability to use fiscal policy to change real GDP.
What are the equilibrium real wage rate, the quantity of labour employed in 2010, labour productivity and potential GDP in 2010?
Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the Minimize income tax
B3 Oraganization is a manufacturing firm that uses job order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours.
Write down a paper which provides an economic profile of the automotive manufacturing industry.
Re-draw a money demand and money supply diagram showing the initial conditions and label as point A and
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