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Questions
Assume that both the U.S. and Canada produce bread and steel. For each hour? worked, a U.S. worker can produce 4 loaves of? bread, or .4 tons of steel. Canadian workers can produce 2 loaves of? bread, or .8 tons of steel per hour.
What is the opportunity cost of bread and steel in each country? In which good does each country have a comparative advantage? What is the range for mutually beneficial trade in steel?
Angelica Pickles is manager of a Quick Copy franchise in White Plains, New York. Pickles projects that by reducing copy charges from 5¢ to 4¢ each, Quick Copy's $600-per-week profit contribution will increase by one-third: What is Pickles' estimate o..
Since 2008 several defendant have been charged with violating the espionage act of 1917 what are the names of the defendants WHAT type of information
In your answer consider international financial flows (eg current account balances) and the variables that drive them such as trade, exchange rates and interest
Some city governments require that all city employees live within the city limits. What impact does this have on labor supply and the elasticity of demand for employees of a city with such a requirement?
Tim Cook (new CEO for Apple) wants to implement a new HR strategy where only very highly intelligent people are employed at Apple.
What kind of market do you believe Uber drivers most closely resemble - perfect competition, oligopoly or monopolistic competition and why?
Formulate a profit maximization problem for a perfectly competitive firm that takes nominal wage rate W; rental price of capital R
Suppose that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made simultaneously better off by trading with each othe..
n the short run, a firm's total costs of producing the hundredth unit of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. What is marginal cost of the 101st unit of output.
Suppose an economy with constant population where the individuals want to keep 5000 goods in their bank deposits in each period. The economy has an endowment of 10, 000 goods per period. There is a total stock of capital not intermediated of 1000 goo..
Research and define Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT). How are they the same and how are they different?
Firm i produces its product in a perfectly competitive market. In the figure below, the Average Total Cost and Marginal Cost of producing that product are given by the ATC and MC curves, respectively. Find the profit maximizing quantity, and call it..
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