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Why are the rules of origin needed for a free-trade area? How might they be protectionist? Which countries are likely to gain, and which are likely to lose, from the North American Free Trade Area? How are the gains and losses likely to be distributed across occupations and sections of the Mexican economy? The U.S. economy?
Let's assume you've already completed the input optimization and found your company's cost function as follows: C(Y)=Y^2 + 3Y. Write down the firm's profit function. Suppose that P=$9. Find Y* and show that at this level of output, marginal revenue i..
Consider Mary, an hourly worker who currently earns $30,000 per year. If Mary's wage rate is increased by 50%:
Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil.
calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
During 2015, Rainbow Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000, $125,000, and $180,000, respectively. Suppose the company paid out $64,000 in cash dividends...
The time required for one team of employees to produce the first item is 100 hours. The learning curve percentage for unit number 70 is established to be 88%. what amount of time will they need to produce unit number 130?
The New Lombard Street, Merhling (2011) quotes Fischer Black(1970) in saying: Thus a long term corporate bond could actually be sold to three separate persons. How does the separation of risk work? What financial instruments are needed? Give an expla..
Which of the following statements best states the effect of a permanent wage? increase?
The economy is in recession. Shifting the AD curve rightward by $200 billion would end the recession.
Remembering the Pythagorean Theorem: The square of the hypotenuse is equal to the sum of the squares of the other two sides.
Fifteen families live in Willow Cannon. Although several water wells have been drilled, none has produced water. The residents take turns driving a water truck to a fill station in a nearby town.
Suppose the market for chewing gum is perfectly competitive, the demand is Q=20-P, and the Supply is Q=-P+2P. What is the Consumer, Producer, and total Surplus?
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