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U.S. Export Growth. In 2007, several components of GDP grew much more slowly than in prior years but exports increased sharply. The rest of the world was growing rapidly during this period. Based on this information, what is the most natural explanation for the growth in U.S. exports? (Related to Application 4 on page 242.)
A local business in a small college town has a major portion of their business to college bookstore. On the side they also provide services to other local businesses. The local demand is Q=200-5P. The average and marginal cost is $8.
Two car manufacturers, Saab and Volvo, have fixed costs of $1 billion and marginal costs of $10,000 per car. If Saab produces 50,000 cars per year and Volvo produces 200,000, calculate the average production cost for each company.
Suppose you are the manager of Sunglass Hut operating in a competitive market. Your cost of production is given by TC = 100 + Q*Q, where Q is the level of output and TC is the total cost. The marginal cost of production is 2Q.
A transportation engineer received a request to installed dynamic traffic signals to replace static vehicle control devices at an intersection. The engineer must prepare an estimate of an operating budget for a ten year period, if the signal were ..
A labor economist estimates a regression of log earnings on schooling, experience, ability, as measured through, and interactions in schooling and experience,
John has a weekly endowment of 140 dollars that he spends on buying games (G) and music cds (M). The price of each game is 30 dollars, the price of each cd is 20 dollars. He can buy any amount of the two goods that satisfies the budget
Examples could include (*but are not limited to*) GDP, some measure of inflation, or any other measurement ofmacroeconomicactivity. Alternative measurements are encouraged! (As long as they're valid and adequately compared to other measures.)
Little Kona is a small coffee company that is considering entering a market dominated by Big Brew. Each company's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price
Determine why Apple continues to source its production from overseas firms such as Foxconn? In your answer, consider what advantages and/or disadvantages this generates for the firm
Which of the following microeconomic tools aids monopsony employers in identifying the required wage level?
When maximizing profit, how much profit will she make?
1)The operations manager for a local bus company wants to decide whether he should purchase a new small, medium, or large bus for his company.
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