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Q1. Assume that the autarky charge of commodity X is $10 in Nation A, $8 in Nation B as well as $6 in Nation C, as well as Nation A is too small to affect costs in Nation B or C by trading. If Nation A initially imposes a nondiscriminatory ad valorem tariff of 100 percent on its imports of commodity X from Nations B as well as C, will Nation A produce commodity X domestically or import it from Nation B or Nation C?
Q2. What would be the necessary criteria needed to test a TSLS model regression? Are the assumptions the same as under a simple linear regression? What does TSLS imply about the data if a strong F is found?
Explain what is happening to both marginal productivity of each additional worker and the marginal cost of each additional unit of output.
Elucidate how the necessity of a good and the availability of substitutes impact the price elasticity of the product. The product is beef.
Explain why lean manufacturing requires a stable demand environment. Describe how success to successful system archetype works. What should be done about it.
suppose demand and supply are given byqxd 7- 12px andqxs 14px-12bull determine the equilibrium price and quantitybull
illustrate what constitutes a perfectly competitive marketplace structure. Support your argument with empirical evidence wherever possible.
Estimate the relative importance of economies of scale and comparative advantage in causing the following:Much of the world's most expensive wine comes from France.
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
Anation's consumption function (expressed in millions of inflation- adjusted dollars)is: C=200+.80*DI. what is value of autonomous saving.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Illustrate the effects of monetary policies on the economy's production and employment.
What is the present worth of $500.00 in month 1, $510.00 in month 2, and amounts increasing by $10 per month through month 36, if the intrest rate is 15% per year compounded continuously?
A lump sum of $5.2 million in the first year. Assume the market interest rate will be 6% for all these years.
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