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The export supply curve for a particular country is the
1. sum of the quantity supplied and quantity demanded in the domestic market for a price above the domestic equilibrium price.
2. sum of the quantity supplied and quantity demanded in the domestic market for a price below the domestic equilibrium price.
3. difference between quantity supplied and quantity demanded in the domestic market for a price below the domestic equilibrium price
4. difference between quantity supplied and quantity demanded in the domestic market for a price above the domestic equilibrium price.
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Determine the required outlay for 1,000 tons per day.
Rather than the short run effects of decreasing government spending, allow a self correcting economy to bring the model back to equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government..
A Publishing company uses 400 printers and 200 printing presses to produce books. Elucidate how should the manager adjust input usage.
q1. compare and contrast the way classical and keynesian theory determine the demand for money and how it is related to
A consumer is deciding how many cups of coffee and how many bus tickets to purchase. The price of a bus ticket is $1.50 and the price of a cup of coffee is $2. The following table describes the total utility derived from the two goods. Calculate the ..
Consider a perfectly competitive industry in which the inverse demand is given by p(y)=2001-2y and each firm has the following cost function : c (y)=(1/3)y^3+18 for y>0, c(y)=0 for y=0., In the long-run equilibrium, what price will be charged for the..
Suppose Sammie Wall currently has a monopoly on widgets. The inverse demand function for the only customer interested in widgets is [P=40-6Q] and the cost to produced widgets can be described by the following cost function: [C=10+2Q^2] . If Sammie de..
Are salsas and chips complementary or substitute goods.
Peter Drucker’s definition of entrepreneurship. What are specific aspects of the definition that are important to you? Drucker provided four possible sources of change. What are they? Which one do you think is most important?
Employment and unemployment are big issues in America. Every week, the news outlets report the number of new unemployment claims made at unemployment offices around the country. We typically have 150 million people as part of the workforce.
Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it enters the market, Mattie’s can either accommodate him and share his 10million in profits equally with Irene or fight him a..
Beth’s Lawn Mowing Service is a small business and operates in a perfectly competitive market. The costs function for Beth’s company is given by: total cost (TC) =0.1q2 + 10q + 50 and marginal cost (MC)=0.2q + 10, where q=the number of acres Beth cho..
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