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An economy that produce only digital cameras, chocolate bars and watches. In 2013 the output was: digital cameras(1, price 2 each), chocolate bars(8, price 3 each), watches (1, price 2 each). In 2014 the produce was digital cameras(7, price 7 each), chocolate bars(2, price 9), watches(7, price 6). What is the chained dollar GDP in 2014?
The most popular state park in the Craggy Mountains recently reached the point where a common property resources problem arose — too many people hunted for wild boar each season. The boar population became over hunted and was in peril of extinction. ..
How can it be said that the factor-content approach “reveals” a country’s factor abundance? What assumptions seem crucial for making this inference? Explain.
What economic principle determines the optimal rotation period of a forest resource?
What is the primary characteristic of the reframing innovation strategy? Why is the reframing strategy difficult to execute within established organizations?
What is the concept of Balance of Payment of a State? How would you distinguish the composition of the current, capital and monetary accounts of BOP? Differentiate between BOP and Balance of Trade between two countries.
According to an article that discusses the climate for software firms in the San Francisco Bay Area, the success of Instagram “is a tale about the culture of the Bay Area tech scene, driven by a tightly woven web of entrepreneurs and investors who nu..
what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,700,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits?
Cater enterprises can issue floating-rate debt at LIBOR + 2.50% or fixed rate debt at 9.50%. Brence Manufacturing can issue floating-rate debt at LIBOR + 4.60% or fixed rate debt at 11.00%. Suppose Cater issues floating-rate debt and Brence issues fi..
Fresh Maine lobsters are flown from the United States to Japan. Conversely, fresh tuna is flown from Japan to the United States. How would you expect this pattern to affect the number of jobs in fishing in both countries? Which would be more expensiv..
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