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Suppose the market for semiconductors in the U.S. is characterized by: D = 200 – 40P [Demand]
S = 40 + 40P [Supply]
The market for semiconductors in the rest of the world is characterized by:
D = 160 – 40P [Demand] S = 80 + 40P [Supply]
Suppose the U.S. government imposes a quota of 32 units on its imports. Calculate the magnitude of the deadweight loss resulting from the quota under the assumption that the U.S. is a small open economy.
sketch a production indifference curve indicating that CCC can produce no more than 1,000 containers with this expenditure.
In the five years ending 2011, Switzerland enjoyed a fiscal surplus that averaged 1.3% of GDP, a trade surplus that averaged 2.6% of GDP, and a government debt to GDP ratio that averaged 40%. Use the appropriate graphs for a small open economy to ill..
Assume that a firm employs labor and capital by paying $40 per unit of labor employed and $200 per hour to rent a unit of capital. What is the firm's optimal combination of capital and labor?
Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2. What are the equilibrium prices and quantities if the firms..
Discuss the importance of laws and the requirements to amend them regularly. Cite examples from the perspective of Oman.
what is the new wage and employment level; are employees better or worse off as a result of the health insurance benefits?
What type of market structure was the product or service in when the differentiation occurred? What is the differentiation? Describe specifically what the differentiation was and tell us what that means for rational business price and production deci..
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
A street vendor reduces the price of gelato from $3.50 to $2.75, the number of gelatos sold per day rises from 600 to 750. What is the price elasticity of demand for gelato?
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
Which of the following statements about setting optimal two-part tariffs for many consumers is NOT true? The number of buyers (entrants) declines as the entrance fee (tariff) increases. The profit from the entrance fee (tariff) is a concave function ..
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others? A recent report released ..
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