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Assume that the world market for producing radios is monopolistically competitive. Suppose that the price of a typical radio is $25.
a) Why is this market likely to be characterized by two-way trade?
b) Suppose that Country A levies a tax of $5 on each radio produced within its borders. Will radios continue to be produced in Country A? If they are, what will happen to their price? If they are not, who will produce them?
c) If you concluded that radios will continue to be produced in Country A, explain what will happen to their price in the short run. Illustrate your answer graphically.
d) What will happen to their price in the long run?
If the explicit costs total $10,000 a month, the accounting profit for the month equals.
What variable adjusts to make the quantity of money held equal to money supplied?
Your client has recently occupied 47 West Street, a newly constructed shop unit, having acquired the freehold interest for $750,000. On the ground floor is a sales area with a width of six metres and a depth of eighteen metres. At the rear of this ar..
For a child i living in a particular school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child’s score on a subsequent standardized exam. If you run ..
Why have human rights laws/norms expanded so much in the last half-century? What have been the major areas of contention regarding human rights? How has cultural context shaped different states’ understanding of human rights?
Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate Consumer Surplus. Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate Total Surplus. Consider a market with a demand curve of ..
A monopoly firm is free to charge any price it wishes. What constrains its choice of a price?
Suppose three consumers have the opportunity to assess satellite radio and sun roofs on new cars and place on following valuations on these options: Consumer Satellite Radio Sun Roof 1 $800 $1,500 2 1,000 800 3 200 1,000 How much will the car dealers..
In recent yrs, persons also state governments have sued various tobacco companies to compensate for illness also injury allegedly cause d by cigarette smoking.
The company's 2012 statement of comprehensive income showed a depreciation expense of $385,000. What is the net capital spending in 2012?
1) Find the? Z-score such that the area under the standard normal curve to the right is 0.22.
Smith and Jones are stranded on a desert island. Each has in her possession some slices of ham (H) and cheese (C). Smith prefers to consume ham and cheese in the fixed proportions of 2 slices of cheese to each slice of ham. Draw the Edgeworth Box dia..
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