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Would you expect two farms of widely different size to have the same fixed costs on their enterprise budgets for the same enterprise? Might economies or diseconomies of size explain any differences?
The demand for Good X is given by Qx = 4000-Px-2Py+4Pz +0.2M where Py is the price of good Y, Pz is the price of good Z, and M is income, if Py =$800, Pz = $200 and M= $5000 determines the following: The inverse demand function for good X. Whether go..
What happens to the profits of boat makers in the short run. What happens to the number of boat makers in the long run.
In the following table, select the amount of each good that each country exports and imports in the boxes across the row marked "Trade Action," and enter each country's final consumption of each good on the line marked "Consumption."When the two coun..
Porter’s five forces of competition are as follows. Give an example of an industry where profitability is low (besides the airline industry). Apply the 5 forces to your chosen industry and demonstrate how those forces can lower profitability.
What advantage does a country have if it restricts or does not allow its currency to become “convertible” – this is called a “non-convertible” currency [an example is the Chinese Yuan].
Suppose the market for cigarettes is characterized by the following information: Suppose the government imposes a sales tax of $2 per unit. Calculate the Dead-WeightLoss due to the sales tax.
Locate two recent articles regarding the current global economic crisis.
Annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption, investment, government spending, exports and imports. Estimate changes in economic growth and in the component shares.
Assume that a country’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely?
If a 10 percent increase in price decreases the quantity demanded by 12 percent, the price elasticity of demand is. The price of strawberries falls from $1.50 to $1.00 per carton and the quantity demanded goes from 100,000 to 200,000 cartons. Calcula..
there are 100 producers of toasters. half of the producers are low quality i.e. their products will break with
The case study of wages and productivity in the textbook demonstrates that:
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