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Problem
Two students are assigned to work together on a project that requires both writing and an oral presentation. Steve can write 1 page or prepare 3 minutes of a presentation each day. Anna can write 2 pages or prepare 1 minute of a presentation each day.
a. Who has a comparative advantage at writing?
b. Suppose that Steve goes to a writing tutor and learns some tricks that enable him to write 3 pages each day. Now who has a comparative advantage at writing?
write a 1050- to 1400-word paper based on the organization your team selected for your benefits and drivers
A group of firms in an industry have been accused of engaging in price fixing in Edmonton, but not elsewhere. Describe and explain four methods you might use to estimate the price impact of the conspiracy.
The federal government is planning a hydroelectic project cor a river basin. In addition to producing electric power, this project will provide flood control, irrigation, and recreational benefits. Find the benefit-cost ratio for each alternative.
Sue loves ice cream but cannot stand frozen-yogurt desserts. In contrast, Carole likes both foods and can hardly tell the difference between the two. Who will have the more elastic demand for yogurt?
Write a three- page research to explain how you would use the monetary and fiscal policy tools to jump start the economy.
1 long-term economic growth is a term used to describe thea more rapid growth in population than of real outputb
Explain how monetary policy affects interest rates and aggregate demand. Analyze how fiscal policy affects interest rates and aggregate demand. Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
A monopoly has demand given through P=20,000-25Q, and costs given through C(Q)=100Q+25Q2. Find the profit maximizing level of price and output.
Explain and show graphically how this market would be affected if there is an increase in the number of diary farmers that produce hormone free milk and at the same time south African consumers chose to be more healthy
Review the case of Nigeria and Lord Bauer's analysis of West Africa, along with the discussion of non-cohesive state formation, as presented in this chapter.
What are the key economic impacts of recreation, leisure and tourism on the economy of France? In what ways does a recession impact on tourism and what steps could be taken by the industry?
Which will be the outcomes of the bargaining process
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