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Now suppose the world relative price of a cars is Pc/Ptv=1. A) In what good will each country specialize? Briefly explain why. B) Graph the new world price line for each country in the figures in problem 4, and ass a new indifference curve (U2) for each country in the trade equilibrium. C) Label the exports and imports for each country. How does the amount of Home exports compare to Foreign imports? D) Does each country gain from trade? Briefly explain why or why not.
using the regression results and the other computations from assignment 1 determine the market structure in which the
What is the equilibrium price and quantity and assume that changes in fashion cause the demand for tshirts to rise by 4 million at each price. What will be the new equilibrium price and quantity?
1. What would be true of entitlement spending rose to 100 percent and the federal budget was balanced? (Hint: Under a balanced budget, tax revenues equal the sum of discretionary expenditures.) 2.How would entitlement spending be funded if ta..
write 4 page paper not including tital and reference pages in apa format with a detailed analysis that answers the
you can either take a bus or drive your car to work. a bus pass costs 5 per week whereas driving your car to work costs
Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?
Fiona requires a minimum level of consumption, a threshold, to derive additional utility: U(X,Z) is 0 if X+Z is less than or equal to 5 and is X+Z otherwise. Draw fionas indifference curves. Which of our usual assumption does this example violate.
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Determine each equationons total revenue and marginal revenue equations. Plot the demand equation and the marginal and total revenue equations on a graph.
roshima is researching universities where she could study for her mba degree. she is considering 3 major attributes
In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening side effects, including joint disease, abnormal cartilage growth, liver damage and a degenerati..
Short and Long-term costs business comparisons. Select directly comparison business concepts and generally discuss the FC, VC, break-even quantities, economies of scale and diseconomies of scale for each.
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