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Question: Suppose a major hurricane knocks out the water and electricity infrastructure of a large coastal city, causing sudden shortages in water and generators and accompanying price spikes in these goods. What might be an appropriate governmental response to this emergency?
1. Does the protection of one industry harm another? 2. Why does comparative advantage matter more than absolute advantage for trade?
Suppose the marginal expense of hiring another worker is $150, and the marginal expense of hiring current workers for an extra hour is $10. The added output associated with an added worker, holding both capital and average hours per worker constant, ..
Suppose a monopolist has cost curve C(q) = 10 + 3q + 0.1q 2 and faces demand q = 12 ? p. Find the monopolist price and quantity. Return to the situation in (a) with only one market. What would be the monopolist profit?
You continue to use an old machine tool that was bought four years ago for $15,000. It has been fully depreciated but can be sold today for $2,000. The existing (old) machine tool can be sold today for $2,000. You purchase a brand new machine tool at..
We investigate the impact of a capital-gains-tax-induced increase in the rental price of capital on firms within an industry.
When the Euro was introduced in 1999, the exchange rate was $1.19 per euro. In March 2011, the exchange rate was $1.42 per euro. Was this change in the dollar-euro exchange rate good news or bad news for U.S. firms exporting goods and services to Eur..
Using a supply-demand diagram, show a labor market with a binding minimum wage. Now, use the diagram to show those who are helped by the minimum wage, and those who are hurt by the minimum wage.
How did the encouragement of foreign direct investment specifically in manufacturing helped China's growth?
Billy and Bob are both 50 years old and work at the same rm. Billy is a more able individual and presently earns $90,000/year; Bob earns $50,000/year. They have the opportunity to enroll in a job-training course for a one-time cost of $10,000. What i..
How would your productivity in completing coursework be measured? Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further?
Elucidate what economic, political, and cultural factors do HR managers need to consider when sending employees to work internationally.
A sample of n = 9 children in the community, when tested, yields a sample mean of 112.8. Does this sample support the researcher's claim at a significance level
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