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Argue whether you favor or oppose the doctrine of sovereign immunity, and provide specific reasons supporting your opinion of sovereign immunity as it relates to international commercial activities.
Consider a market with one large firm and many small firms. The supply curve of the small firms taken together is S(p) = 100 + p. The market demand curve for the product is D(p) = 200 − p. The cost function for the large firm is c(y) = 25y. Suppose t..
Which of the following is NOT a reason why there are economies of scale?
Suppose firms become very optimistic about future business conditions and invest heavily in new capital equipment. Draw an AD-AS diagram to show the short-run effect of this optimism on the economy. Label the new levels of prices and output.
What is the most conventional stance regarding the use of absolute value in the definition of Own-price elasticity-Cross-price elasticity
Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume also that the marginal physical product of the last unit of capital is 30 and the marginal physical product of the last un..
Assume this economy is closed to trade, and compute consumption, government purchases, national saving, and investment.
Pollution is often an unavoidable byproduct of production, and is usually (not always!) an external cost of production. Would it be socially efficient to clean up all man-made pollution? Why is pollution an external cost? When might pollution NOT be ..
Assume a hypothetical economy in which the velocity is constant at 2 and real GDP is always at a constant potential of $4,000. Suppose the money supply is $1,000 in the first year, $1,100 in the second year, $1,200 in the third year, and $1,300 in th..
Briefly describe how these firms would price discriminate: department stores, airlines, movie theatres
Should the United States pull out of NAFTA? Explain why we should or why we should not. A group at your school has called a meeting to discuss a boycott of the college bookstore if it continues selling clothing made with sweatshop labor. Would you su..
The price of twinkies fell from 0.80 to 0.70.As a result,the quantity demanded of Ho-Ho's decrease from 120 to 100. Illustrate what would be the appropriate elasticity to compute. compute this elasticity.
q. a selfless person approaches jones and smith with a 100 bill and offers to sell it to the highest bidder but both
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