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Suppose US and Russia produce only two goods meat and potatoes in a week's time according to the table below which shows their production possibilities.
Meats(lbs) Potatoes (lbs)
Usa 2 4
Russia 5 20
Who has absolute advantage in each product? Who has comparative advantage in each product? What does each country export?
Assess President Obama and the Congressional Majority Democrats' stimulus, budgetary, and health care initiatives in the context of promoting Economic Growth and Development.
In 2003 the state of Arizona discuss that there was a shortage in correctional officers. Determine how correctional officers' wages are calculated.
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
Use the aggregate demand-aggregate supply model to illustrate graphically the short-run and long-run impact of this decline on output and prices.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
The following information describes a hypothetical economy (assume all numbers are in billion if necessary) Determine the value of the MPC of this economy?
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
Elucidate what output level does average variable cost reach its minimum value. What is the value (in dollars) of the average variable cost at its minimum point.
Explain how do you go about drawing an indifference for such a utility function.
the Candiate of your side of the group to research and present a cohesive argument to the other side.
Explain how does a subsidy to consumers differ from a subsidy to producers in correcting for a positive externality.
An engineer considering for retirement decides that she wants to have income of $100,000 per year for 20 years with the first withdrawal starting 30 year from now.
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