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Now, suppose that the 28 member countries in the European Union (with the same demand depicted in the prior question) ban together and agree to impose price cap of €50 per barrel of Russian crude. Assuming that the European Union is its only customer, and that Russia decides to keep selling to EU, what quantity will maximize Russia's profit if it can't charge more than €50/barrel?
Select a nation that has a low per capita income and discuss how the catch-up effect would work for that country. Consider the determinants of productivity and explain some of the things that would tend to prohibit or limit that country's ability ..
What are the ethical considerations in not submitting what the actual results show?
Now his old job at the furniture factory is again available. What is the lowest wage at which he should decide to return to his old job? Why?
assume that every citizen of country x has the utility function of ux y 5x4y. say that x denotes cigarettes and y
The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..
A bank has excess reserves of $400,000 and makes a new loan for $50,000. If the bank faces a 25% required reserve ratio, by how much will the money supply increase when the loan is made?
Evaluate the role of regulatory considerations informing the economic decisions of UPS. Evaluate the role of ethical considerations in UPS economic decisions.
In the long run the interest rate adjusts to adjusts to balance the supply and demand for loanable funds. In the short run, the interest rate adjusts to balance the supply and demand for money. Discuss.
He meets with senior management to discuss if the concept can be implemented at Total Solutions, Inc. The senior management reviews the study and decides to execute the process in one office before a policy decision is made.
Comment on the statement. Do you agree with the speaker? Explain. Use a graph to illustrate the answer indicating the firm's short-run cost structure
The market price of fish falls to 33.33¢ a kilogram, but the packers' wage rate remains at $7.50 an hour. How does the students' marginal product change?
Parents decided to set aside money for their child's higher education. The objective is to provide $35,000 in today's dollars after 17 years.
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