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When the economy is operating at full employment, why is an increase in aggregate demand not helpful to the economy?
Assume a two-country world with two factors of production (capital and labor) and two goods. In this context, state the Heckscher-Ohlin theorem. Then indicate the two definitions of relative factor abundance. In addition, spell out what is meant by t..
For a monopolistically competitive firm in long-run equilibrium: In comparing the demand curve of a monopolist with that of a monopolistically competitive firm, we would expect the monopolistic competitor to have a:
Bessimer Electronics manufactures addressable actuators in one of its Maquiladora plants in Mexico. The company believes that by investing $24,000 each year in years 1, 2, and 3, it will avoid spending $87,360 in year 3. If the company does make the ..
What is the impact on the demand curve facing an individual firm in the short run - What happens to output produced by an individual firm in the short run?
When traveling to other countries for business, it is important to know the male/female roles in each country. Not knowing these roles could cause problems in discussions and negotiations. If you were traveling to Saudi Arabia, New Zealand, Brazil, T..
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. sells a product differentiated from that of its competitors. has marginal revenue less than price
A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?
How does the analysis of risk aversion change when one allows for alternative models of decision-making then expected utility? How does subjective expected utility theory differ from expected utility theory? How might one elicit a subjective probabil..
You are a management consultant who has been commissioned by an organization to produce a report on the conditions necessary to successfully implement a global business strategy.
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
A consumer has preferences represented by the utility function U(x1, x2) = ln x1 + x2 . Denote prices and income by p1, p2 and I respectively. Write the utility maximization problem and get the first order conditions. Solve the system of equations an..
Based on the current health care crisis in this country, and lack of availability of affordable prescriptions drugs to all, it is ethical that people are getting their prescriptions filled with Canadian companies? Please list the url's to the sources..
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