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Internationalization means diversifying operations to other world countries and regions. This trend is common in the modern society, but then here am asking, why would a firm opt to internationalize? What benefits exist other than a wider market.
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
Calculate the price relative for widgets for Company Y for 2011 with 2010 as the base year.
Compare and contrast these three techniques: describe each and explain its strengths and weaknesses. If one method addresses a weakness in another method, explain.
If the severity of business cycles were reduced, what would be the effect on each of the four types of unemployment and on theunemployment rate as a whole? The four types of unemployment are frictional,structural, cyclical, and full unemployment.
Calculate the price elasticity of demand for paint and Illustrate the calculations.
Consider a monopolist facing demand curve Q = 100 - P. MC=AC=$20. Find out the monopoly price, profits, and consumer surplus.
In a two input – one output production model, what are the profit-maximizing conditions, in a general equation form? What does each side of the equation represent?
Has the time come for government to abolish rent controls and minimum wage? What do you think? Do both rent controls & minimum wage laws achieve their intended purposes?
We often find that for major sporting events (playoffs, Super Bowl, etc.) the quantity of tickets demanded is greater than the quantity of tickets supplied. How would the market solve this problem
Elucidate unequivocally why the foundation of trade has nothing to do with absolute advantage and only the law of comparative advantage is relevant.
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
Assume the normal production process for beet sugar uses high-sulfur oil for fuel and releases 2 units of sulfur dioxide to the air for every ton of beet sugar produced.
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