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Suppose the Jamaica biscuit producing company, located in Kingston, has 100 ovens and the life of each oven is 5 years, and 20 ovens must be replaced each year.
If demand for the biscuits is constant, how many ovens will be replaced each year?
Do protectionist policies benefit producers, consumers, workers, or the government? Explain. b) Explain how the "Buy American" theme hurts Americans.
Affects of investment of ldc:-Pick one country that has done well with investment(All good point)-Pick one country that has failed with private investment.
If the economy were experiencing high rates of unemployment and low inflation, the appropriate monetary policy strategy would most likely be: a. to have the Fed sell securities on the open market.
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
a firm has a long-run cost function c1y y3 - 10y2 30y.1 derive the firms long-run average cost function2 derive
Suppose that an innovative way of picking grapes is being used and is much cheaper than doing it manually. Unfortunately, it does not work for berries, which are a substitute for grapes. Explain fully what will happen to the markets for grapes, be..
A local hardware store is trying to decide whether to stay open. They have found that their industry is extremely competitive and profits have shrunk considerably. Knowing that you have taken an economics course the owners have asked for your opin..
Suppose that the government decreases spending by $100 billion. What happens to aggregate demand? What is the likely effect on prices and output?
Illustrate what are the pros and cons of companies competing in the global environment and how this has affected the U.S. economy and the global economy.
What is real mortgage interest rate in 2001, 2002, 2003 and 2004? What are the values in 2000 dollars of the Nancy's monthly mortgage payments in the year of 2001, 2002, 2003, and 2004?
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
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