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In this paper, you will trace several major international economic events beginning with the aftermath of World War II and ending with the current time. In your discussion, describe each event and its lasting impact on the world economy, particularly how it affected international monetary relations. Be sure to touch on how each event led up to the current high price of oil.
Your analysis should include the following events:
You own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. What is the user cost of capital and what is it expressed in? Now suppose the (local) government with all their financial shortfalls e..
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
Adopt/defend a position in the affirmative action debate (pro or con). Your answer should not only explain the efficacy of your position, it should also explain why other arguments are flawed.
Explain supply, demand, equilibrium, surplus and shortage. Explain the non price determinants that can shift the supply and demand curves. Explain the concepts of price ceilings and price floors.
Quantity of pizzas demanded soared following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza.
Consider an economy with the production function Y = L ^(1/3). calculate the equilibrium levels of real wage, labor and output. What is the equation of the aggregate demand curve for this example? What is the price level? What is the nominal wage lev..
Consider the EOQ model with fixed lead time L > 0. Show that the average amount of inventory on order is equal to the lead-time demand.
Calculate the APP, MPP and elasticity of production at different production levels and how many stages of production does this function represent? Mention them.
The Economist magazine uses the price of a Big Mac to determine whether a currency is under-valued or overvalues. In July 2012, the price of a Big Mac was $4.33 in New York, 15.65 yuan in Beijing, and 6.50 Swiss francs in Geneva. Was the yuan underva..
So if trade barrier is reduced the Chinese economy will go down also affects the economy of the whole world. Do you agree or disagree with this argument.
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer: New union agreement increases hourly pay. Local government imposes an annual lump..
If the last dollar spent on capital generated $1.05 in return while the last dollar spent on labor generated $0.99 in return, then in the long-run the firm should
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