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A jeans manufacturer operates twin plants- one in Juarez, Mexico and the other in El Paso, Texas. The Juarez plant cuts fabric for the jeans, and the El Paso plant assembles the pieces into finished jeans. In a given year, the Juarez plant ships $40 million worth of cut fabric to the El Paso plant which, in turn, adds $60 million of additional value. In the end, $100 million of final product comes out of the El Paso plant. One half of these jeans are sold in the United States, and the other half are shipped to retailers in France.
How would this activity be reflected in U.S. GDP and its components?
Government intervention may achieve a more optimal outcome than the market mechanism when addressing
Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $2 million. Ranking the firms' sales from highest to lowest, we find the top four firms' sales to be $260,000, $220,000, $150,000, and $130,000, ..
An aerospace company has submitted bids on two separate government contracts, A and B. It feels it has a 50% chance of winning contract A and a 40% chance of winning contract B. Furthermore, it believes that winning contract A is independent of winni..
Provide 4 difference and distinct uses of taxes within our economy. Please use examples to explain the intended results and outcomes.(be specific)
The characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market is. Which of the following statements concerning market structure is not true?
Every single state separately as unemployment rate, participation rate, change in vacancies, employment growth or decline etc. All data needs to be based in either 2013 annual report, or 2014 first half year.
The price elasticity of demand for health care is such that an increase in the price of health care will: decrease total health care expenditures. increase total health care expenditures. shift the demand for health care rightward. shift the deman..
Review the below and apply the concept of elasticity of demand. You task will be to read the article and summarize it. Discuss how it is related the concept of elasticity of demand
conduct research online to identify the various ways in which businesses interact with and manage their supply chain.
A machine costing $2,082 to buy and $300 per year to operate will save labour expenses of $650 per year for eight years. If the interest rate is 10 percent, what is the minimum salvage value (after eight years) at which the machine is worth purchasin..
Assume that the demand for plastic surgery is price inelastic. Are the following statements true or false? Explain your answer for full credit. When the price of plastic surgery increases, the number of operations decreases.
The problem belongs to Economics, Micro-economics and it is explain the calculating equilibrium price with increase in income of consumers with income elasticity of demand given. A diagram supporting the answer has been given in the answer.
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