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Suppose that Colombia can produce 1,000 pounds of coffee in one day or produce 200 pounds of bananas in one day. In addition, suppose that Ecuador can produce 300 pounds of coffee in one day or produce 100 pounds of bananas in one day. Which country has the comparative advantage in coffee and which has the comparative advantage in bananas? Decide a pattern of trade regarding these countries and these goods that would benefit both countries.
You've been hired by an unprofitable firm to determine whether it should shut down its unprofitable operation. Help the management of the firm as to whether or not it should continue to operate at a loss?
consider a firm that faces an upward sloping supply curve.since the firm faces an upward sloping curve it will not pick
more people start consuming mangoes because of its newly discovered health benefits. assume in this case that the
The net cash flows from an investment project are -$30,000 in the first year, -$20,000 in the second year, -$6,000 in the third year, $1,500 in the fourth year, $5,000 in the fifth year, $15,500 in the sixth year, and $66,000 in the 7th year. Calcula..
japan life insurance company invested 10000000 in pure-discount u.s. bonds in may 1995 when the exchange rate was 80
Which of the following is not a variable in the index of leading indicators?
a firms long-run total cost curve is tcq 100q 0.5 . derive the equation for the corresponding long-run average cost
be sure to explain what you are doing and show your work in the numerical problems and provide a brief but complete
A monopsonist hires the amount of labor where the marginal revenue product of labor equals the:
Although Ken Brown (discussed in problem 3-16) is the principal owner of Brown Oil, his brother Bob is credited with making the company a financial success. Bob is vice president of finance.
write your paper in the style of an academic journal article. the in-class readings as well as articles published in
Why is perfect competition usually a preferable market structure compared to monopoly? Discuss the conditions under which a monopoly would be the preferable market structure for productive efficiency.
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