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Q1. Explicate four of problems with the argument which trade protection is needed to protect American jobs.
Q2. Empirical studies indicate which the LAC curve is L-shaped. Illustrate what does this mean for the survival of small firms in the industry?
Q3. A monopoly has the cost function TC=1/3Q^3-5Q^2+23Q+25, where TC is the total cost and Q is the output. Illustrate what is the profit-maximizing level of output, if the market demand is given as Q=-2p+90?
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
How will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
In what ways and to what extent did coffee production contributed to the growth and development of the Brazilian economy before 1930.
What price are individuals with $5,000 in the bank willing to pay for the insurance. Will those with $5,000 in the bank voluntarily purchase insurance.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
For the industry you have chosen, discuss how price moves from today to the future.
Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.
Which fiscal balance is likely to be influenced and Explain how by treating human capital investments the same as physical capital investments.
The developing country uses the $100 bank balance to import $100 worth of food from the United States (US).
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
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