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"There is no point in the United States complaining about trade policies in Japan and Europe. Each country has a right to do whatever is in its own best interest. Instead of complaining about foreign trade policies, the United States should let other countries go their own way, and give up our own prejudices about free trade and follow suit." Discuss both the economics and the political economy of this viewpoint.
Suppose McDonalds puts up five new stores in San Francisco using exactly the same floor plan, capital equipment, and number of workersthen the long run average cost curve of McDonalds would be and the company experiences
Sigma Petroleum, has an option to purchase 1 million barrels of crude oil for $50/barrel. You estimate that you will be able to realize $80/barrel after importing and processing the crude oil from an offshore field through FPSO.
Econ 4010-090 - How does the diagram now look like and what is Billie's marginal rate of substitution? Is Billie's marginal rate of substitution of coffee for tea decreasing?
Clean Supreme is a corporation that produces and sells powdered laundry detergent in the U.S. The company has estimated the following regression equation for the demand of its Brand Z detergent:
Do you agree? Why, or why not? Would you agree with a qualified version of George's claim? If so, what qualifications would you add?
A company is considering the purchase of tractor units that will yield benefits of $10,000 for year 1, $15,000 for year 2, $20,000 for year 3, $20,000 for year 4, and $20,000 for year 5. The depreciation system used by company is MACRS-GDS, and th..
A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, it's total cost would be $275.
Commuters from the West Bank, across from New Orleans, are identical. They have two routes from the West Bank to Uptown, either over the Crescent City Connection (C) or over the Huey P. Long Bridge (H).
You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability
A firm with costs C(Q) = 1; 000 + 60Q + 0:1Q2 is able to price-discriminate between two groups of customers, with demands Q1 = 3; 000-2p, and Q2 = 350-0:5p respectively. How much does it sell to each group, and at what price
If we cannot measure every invention or new idea, how can we possibly measure the contribution to growth of technological progress?
Let X be the number of minutes it takes to drain a soda filler of a particular flavor in order to change over to a new flavor. The probability density function for X is: f(x)=X/15, x= 1,2,3,4,5 a) What is the probability that it will take exactly t..
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