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What do the terms of trade measure? What is the relationship between the terms of trade in a world of two trading nations? How are the terms of trade measured in a world of more than two traded commodities?
If the inflation rate in the long run is not equal to the target inflation rate what was the use of the monetary policy reaction function
the new mayor has pledged to reduce air pollution and the only source of air pollution in the city are two cement
The benefit function is given by B(H) = 500H - 22.5H2 and the cost function is given by C(H) = 100 + 15H2. The corresponding marginal benefit and marginal cost functions are given by MB(H) =500 - 45H and MC(H) = 100 + 30H.
you earn $30,000 annal income and you are risk averse. every year there is a 10% chance that you will loose $30,000 due to burglary and 90% chance that will loose nothing. Identify the maximum amount you will pay for insurance that completely cove..
what is the maximum this regulation could cost
Joe's Barber Shop has a daily total cost function of TC = 100+ 4Q + Q2 and the daily demand for his services is Q = 50 - 2P What is the profit maximizing price that Joe should charge for his services
determine the difference in taxes paid in year 2
Suppose that the two years have elapsed since you purchased the security, and you hve recieved the first two payments of $600 each. Now suppose the market interest rate suddenly jumps to 10%. How much would another investor be willing to pay for y..
Assume that by investing $2000000 in transportation system we can prevent 30 accidents per year and save another $100 on annual maintenance cost of vehicals using the system ( 2000 vehicles). The annual maintanence cost for this system is $200000.
A firm in a purely competitive industry is currently producing 1000 units per day at a total cost of $450. If the firm produced 800 units per day at a total cost would be $300 and if it produced 500 units per day, its total cost would be $275. Wha..
The owner of a small car-rental service is trying to decide on the appropriate numbers of vehicles and mechanics to use in the business for the current level of operations. He recognizes that his choice represents a trade-off between the two resou..
In one hour, Liz can make 30 smoothies or 30 salads. In this same hour, Joe can make 6 smoothies or 6 salads. Demonstrate that neither Liz nor Joe can gain from trade.Joe can now make 6 smoothies or 12 salads in an hour
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