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Would you expect deviations from the law of one price between the United States and Mexico to have risen or fallen over the past two decades? Explain your answer carefully, providing details on the types of goods and services which you believe would be subject to higher or lower deviations.
Describe what is meant by globalization. How might we measure globalization to see if it is changing over time?
Consider the short-run production of a firm with a single output Q, a fixed input K (capital), and a variable input L (labour). Define average product and marginal product of labour. Define average variable cost and marginal cost.
many professional sports athletes have incentive clauses in their contracts. these indicate tha a the team owner has
if you human director at casino, what should you have done prior to firing steward to be sure you had all of your bases covered.
A nation with a large current account deficit is consuming more than it produces or living beyond its means. Is this necessary bad? What is your judgment for the United States?
If the present yield to maturity for this bond is 8%, calculate the current price of the bond using annual computing. Use annual analysis.
q.the short-run production function for a manufacturer of flash memory drives is shown in the table below. based on
Suppose the market for wine in the U.S. is characterized by: Calculate the deadweight loss if the U.S. imposes a prohibitive tariff per unit of imported wine.
The given utility function is U= 100 Qt 0.5 Qc 0.5, the individual’s dual problem is to minimize E=Pt Qt +Pc Qc (show all the works and steps) What is the compensated demand function for Qt? What is income elasticity for good Qt? What is own price e..
Explain the practical effect of price controls on product and service availability, quality and true cost. What is the full impact of rent controls? On whose behalf are they imposed? Who are the winners and who are the losers? What is the impact of p..
Sam owns outright (no mortgage payments) two plots of land of equal size in Southern California. One plot is in Victorville (the High Desert) and the other is in the coastal community of Newport Beach. Given that Sam’s calculations were correct on t..
The scores of all applicants taking an aptitude test required by a law school follow a normal distribution with mean 420 and standard deviation 100. What is the probability that a randomly selected applicant will achieve a score of more than 450? Wha..
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