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a. What is offshoring jobs?
b. Does offshoring affect all sectors of the economy equally?
c. To what extent has offshoring been responsible for the slow growth in job creation after the financial crisis of 2007/8?
d. How many developed economies respond to the problems of offshoring?
Line, color, hue, balance, form and perspective were some of the key concepts covered in this week’s tutorial. Use the example of a painting by Peter Paul Rubens and discuss how one or more of this week’s key concepts are featured in the painting. Id..
A competitive firm’s cost of production is C(Q) = Q3-20Q2+125Q. The firm’s problem is to choose the value of Q$0 that maximizes its profit. If this were a free entry industry, then what would be the long run equilibrium price?
Consider a basic economic order quantity (EOQ) model with the following characteristics: Item cost: $15 Item selling price: $20 Monthly demand: 500 units (constant) Annual holding cost: 9% of purchase cost Cost per order: $18 Order lead time: 5 days ..
What is the annual worth of an asset that costs nothing and gives you benefits of $3 in years one through 10? Assume your MARR is 20%. Show work please
What is the future worth of an equal quarterly payment series of $2500 for 10 years if the annual interest rate is 9% compounded monthly?
What is hyperinflation? Explain some factors that were responsible for the Zimbabwean hyperinflation of the late 2000s. In 2009, Zimbabwe ended its hyperinflation by adopting the U.S. dollar as legal tender. What potential problem(s) could this strat..
Mathematical Monopoly Problem. Suppose a monopoly firm is operating using the following information. Calculate this firm’s profit-maximizing price, quantity, and profit.
Would you rather receive $100 today or $120 in one year? b Would you rather receive $205 today or $240 in one year? c Would you rather receive $500 in one year or $610 in two years?
During an economic recession, discuss how management's or a union's bargaining power might be affected. Give an appropriate business example to illustrate what you mean
Many firms might like to be monopolies because such firms earn economic profits in the long run. What might cause a monopoly? A firm is likely to be a monopoly if
Suppose the economy is at full employment with expected inflation rate 7% and nominal interest rate 11%. Suppose now that the expected inflation rises to 9%. After this change. What is the nominal interest rate? What is the real interest rate?
Cost are represented by the equation C=10L+4K. Draw one isoquant and one isocost curve on a labour/capital frontier that show the cost-minimizing L and K required to produce Q=10. Label axes, curves, intercepts, and the cost-minimizing amounts of lab..
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