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Q1. Explain how does the concept of dualism adequately portrays the development picture in developing countries
Q2. If the world cost of corn is $2 and there are no trade restrictions, the United States will
a. manufacture 3,000 utilize 7,000 also import 4,000 bushels of corn
b. have an surplus provider of corn d be a net exporter of corn e. not produces any corn
Q3. Explicate why predatory strategies do not work in an industry if no substantial sunk costs exist.
Elucidate why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money
Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
show mathematicallt whether the mardinal utility for (X1) and (X2) is increasing or decreasing. Find the Marginal rate of substitution for the indifference curve generated by the utility function.
q1. elucidate how do the gdp per capitals change after accounting for price indices? explain why is it significant to
q.a coal-fired power plant can produce electricity at a variable cost of 4 cents per kilowatt hour when running at its
claimed that the accumulation of wealth by capitalists was a small price to pay for the economic expansion from which all Americans benefited.
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
What do economists mean when they say markets are mutually interdependent? Give an example to support your explanation
Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
Illustrate what is the likelihood all four of the selected flights arrive within 15 minutes of the scheduled time.
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
If the firm is currently producing 30 units, what are its marginal cost and marginal revenue at the current output level?
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