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The United States and Germany can produce both wheat and aluminum. The table shows the maximum annual output combinations of wheat and aluminum that can be produced. Which choice would represent a possible trade based upon specialization and comparative advantage?
Studies indicate that the price elasticity of demand for cigarettes is about .4. If a pack of cigarettes currently costs $2, and the government wants to reduce smoking by 20 percent, by how much should it increase its price?
Explain the so called fiscal cliff and expected impact for the State of Mississippi and Mississippi Delta and for the firms herein using the key words you may have learned.
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1 calculate the real wage rate.
Is the equilibrium real output also necessarily the full-employment real output and Sketch in the new aggregate demand curve as AD. What is the new equilibrium price level and level of real output?
Illustrate what additional economic questions might you be able to study that you wouldn't with a traditional brick and mortar retailer.
In the wake of the energy crisis in California, many electricity generating facilities across the nation are reassessing their projections of future demand and capacity for electricity in their respective markets. As a manager at Florida Power & L..
Julie consumes food (F) and clothing (C) with a utility function of U(F,C) = FC. PF= 1 and PC=2. Julie has a total of $12 to spend on food and clothing. For all graphs, put food on the x-axis and clothing on the y-axis. a) What is Julie's margi..
Compute the AE function and plot it in diagram. What is total autonomous expenditure? What is slope of the AE function?
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Estimate the relationship among inflation and unemployment.
An analyst created reformulated balance sheets for the yeas 2007 and 2006 as follows, Compute the free cash flow for 2007.
Discuss and explain the features of the Danish economy and why the Danes overwhelmingly support globalization and job outsourcing.
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