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If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance, or historical accident. Explain, and compare this with your answer you would give for the Heckscher-Ohlin model of comparative advantage.
Discuss how the economic indicators inflation, employment levels and interest rates,
Minuteman Manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating cost by $80 per hour of use and the upgraded equipment will be used on average 7 hours per day, what is the expected annual savings.
Why is "Brand Name" important when a firm is operating under conditions of monopolistic competition Is there a cost associated with the variety provided by firms operating under conditions of monopolistic competition
Suppose the externality/public good aspects of weather forecasts and argue for or against such a "privatization" of weather forecasting.
Acme is sole supplier of security systems in product market and sole employer of locksmiths in the labor market. The demand curve for security systems is given by P=100-Q.
If cost to Fruit of the Loom to producing women's underwear is C(Q) = 1 + 4Q (in cents), compute the number of women's underwear.
Illustrate what percentage of the CEO's total earnings is tied to profits of the firm.
After natural disasters, such as hurricanes, some commentators point to 'bright-side'. It is, for example, often pointed out that natural disasters reason GDP for a region to spike upward during the post disaster cleanup.
Over the years, Janjigian Company stockholders have provided $15,250 of capital, part when they bought new issues of stock and part when they allowed management to retain some of the company's earnings.
Government imposes excise taxes on goods which have inelastic demand, such a cigarettes.
What if you lived on a tropical island with such abundant fish and game, fruits and berries, natural shelters like caves, and firewood that the citizens did not have to work and GDP was very low Would the citizens' sense of well-being be lower tha..
Elucidate how will this change affect international business. What other industries might be affected by similar technological advancements.
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