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A nation benefits from international trade if it:
a. exports more than it imports.
b. imports more than it exports.
c. imports goods for which it is a low opportunity cost producer.
d. exports goods for which it is a low opportunity cost producer.
Which of the following are true for all firms? Which are true for competitive firms only? Which are false for all firms?
Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,300; winter, 7,600; spring, 6,600; summer, 12,300. Inventory at the beginning of fall is 515 units. At the beginning of fall, you have 35 workers.
Suppose that Kristen and Anna can sell all their wristbands for $1 each and all their pot holders for $5.50 each. If each of them worked 20 hours per week, how should they split their time between wristbands and pot holders? What is their maximum joi..
In 2010, 500 radios were produced and 100 computers were produced. price of radio was 100 and computer was 1,000. In 2015, 550 radios were produced and 900 computers were produced and price of radio was 150 and price of computer was 400 Compute the p..
Which of the following is a rate that should theoretically serve as a floor for the Fed funds rate? A dealer is said to be running a "matched book" if. An increase in the supply of reserves in the banking system leads to an increase in the Fed funds ..
Compare and contrast the joint venture and franchising as strategic approaches to business. Using current business world examples, compare and contrast these two methods and discuss advantages and disadvantages of each method.
Tom borrowed money to purchase stocks and taxable corporate bonds. During 2014 Tom paid $10,000 interest on this loan. Janice’s gross income in 2014 included $40,000 of wages, $5,000 of interest and $2,000 of capital gain taxed at the lower capital g..
Gavin Jones’s friend is planning to invest $1 million in a rock concert to be held 1 year from now. The friend figures that he will obtain $3 million revenue from his $1 million investment - unless, my goodness, it rains. What is the expected rate of..
All of the following are strong indicators that some condition is viewed by the public as problematic or troublesome except:
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
He will need to withdraw $12000 each year from the 21st to the 24th year of his son life. How much should he invest, if the rate of interest is 10% compounded annually?
If sales fall by 20 percent from 1,000,000 papers per month to 800,000 papers per month, what happens to the Average Fixed Costs per paper?
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