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1. How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service?
a
2. The above figure shows the market for the three moving companies in a small nation. If the movers act as perfect competitors, what is the price per mile and the number of miles per year? If the movers collude and act as a single monopoly, what is the price per mile and the number of lines per year?
3. a. "The marginal rate of substitution of the good measured along the x-axis increases as a consumer moves downward along an indifference curve." Is the previous statement correct or not?
b. Describe the consumer equilibrium in the indifference curve/budget line model.
Economies of Scope The ability of a organization to decrease its unit costs by producing two or more products or services that involve complementary skills, experience and
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How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
#i need a project on this title
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ
wHEN WAGE IS $6.05, HOW MANY HOURS ARE WORKED A WEEK?
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