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In recent years there have been reports that a group of six Gulf countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) were considering the introduction of a single currency. Currently, these countries use currencies that are effectively pegged to the U.S. dollar. These countries rely heavily on oil exports to the rest of the world, and political leaders in these countries are concerned about diversifying trade. Based on this information, discuss the OCA criteria for this group of countries. What are the greatest potential benefits? What are the potential costs?
compute the r and y in which the two markets are clearing.
Calculate consumption in each period of life. Compare this answer to your answer to part (a) of Problem 5, and explain any differences.
An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages. The agency decides to hire operators to monitor calls in order to attain the optimal number of..
1calculate the annual total fixed costs for a combine that has an initial price of 300000 a useful life of 7 years a
What is the anticipated benefit/cost ratio if the interest rate is 6 %, the service life is 10 years, and the salvage value is $5,000?
an office has traditionally ordered ink refill 60 units at atime. it is estimated that the carry cost is 40 of the $30 unitcost the annual demand is 240 units and ordering cost is 40 perorder instead
a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no
Discuss ways that a buying spree like that of Mr Van der Hoeven can create problems for the group auditor?
Suppose you consider a sales tax of 10% on thismarket. Suppose that the firm has to pay the tax, as istypically the case with sales taxes. Hence, if the firmproduces quantity y of output, the price paid by consumers is p = A- By
Use your supply and demand diagrams to illustrate what happens to the wage gap between the two types of workers.
suppose that a perfectly competitive firm faces a market price 10 per unit and at this price the upward-sloping portion
Suppose that a paper mill "feeds" a downstream box mill. For the downstream mill, the marginal profitability of producing boxes declines with volume. The 1st unit of boxes increases earnings by $10, the 2nd by $9, the third $7, and so on, until th..
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