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"The United States simultaneously limits imports of ethanol for fuel purposes, and provides incentives for the use of ethanol in gasoline, which raise the price of ethanol by about 15 percent relative to what is would be otherwise. We do, however, have free trade in corn, which is fermented and distilled to make ethanol, and accounts for approximately 55% of the cost. What is the effective rate of protection on the process of turning corn into ethanol?"
Illustrate that there are any extra costs or benefits due to this shift.
What do you imagine about the interest on payday loans is too high or just right.
A firm employs 8 units of the variable resource. at this level of employment, average product is 2, and average variable cost is $4. Explain how much output is the frim producing.
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
Calculate and describe the Nash equilibrium (quantities, price and profits) in the game in which both firms choose their quantities simultaneously.
Using the Internet, library and/or other resources, research and briefly elucidate methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.
What are the price-quantity effects of this tariff on domestic consumers, domestic producers and foreign exporters. Explain how would the effect of a quota that creates the same amount of imports differ.
there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased.
In the short run the typical company increases its output but its total cost also rises. Hence, the effect on the company 's profit cannot be determined without more information.
Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.
Dependency theory characterizes countries as being either in the center or on the periphery
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.
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