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Traditional free-trade theories are based on six crucial assumptions, which may or may not be valid for developing nations (or for developed nations for that matter). What are these crucial assumptions, and how might they be violated in the real world of international trade?
This year 200 workers will lose their jobs, 170 workers will return to the labor force after an absence 1100 workers will voluntaryly leave their jobs, and 50 new workers will enter the labor force. At the same time 726 workers will find jobs, and ..
MUA is the marginal utility of agriculture consumption and MUM is the marginal utility of manufacturing consumption. Use the condition that MUA/MUM = PA/PM, together with the fact that the total value of country's consumption must equal the total ..
Construct a variation of the rent-seeking game without the discontinuity in winning/ losing. Find the pure strategy equilibrium.
What is dynamic inconsistency? Explain intuitively how it might arise in the case of the short-run tradeoff between inflation and unemployment.
The inverse market demand in a homogenous-product Cournot duopoly is P = 100 - 2(Q1 + Q2) and costs are C1(Q1) = 12Q1 and C2(Q2) = 20Q2. a. Determine the reaction function for each firm. b. Calculate each firm's equilibrium output.
A mining company plans to invest $50,000 in a project. The annual operating cost is expected to be $6,000, and the annual income is expected to be $22,000. THe salvage value will be $5,000 at the end of 5 year life.
Calculate the short run total and average cost curves - What is the RTS along this isoquant? Explain why the RTS is the same at every point on this isoquant.
What is the effective rate of protection on the process of turning corn into ethanol?
Write a 3+ page, double-spaced essay: Explain the organizational archetypes as described by Mintzberg and discuss how organizational structure influences innovation.
A facility requires $2500000 in debt capital. The plan is to sell twenty-year bonds that pay 4.2 percent per year, payable quarterly, at a 3 percent discount on the face value. The facility has an effective tax rate of 35 percent per year.
Has the net worth (assets and liabilities) of all commercial banks in the US increased or decreased, or remained constant during the past year?
The intensive development effort needed to expedite the introduction can be very expensive. Revenues and costs associated with the new product
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