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Country A has 3500 labor units and can produce manufactures and food. A’s producers take 2 units of labor to produce a unit of manufactures and 7 units to produce a unit of food. Country B has 2000 units of labor and takes 1 units of labor to produce a unit of manufactures and 5 units to produce a unit of food. At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
In your discussion, differentiate between the taxes that are imposed by local governments and those that are imposed by the state and federal government.
If this tariff is imposed, how much will consumers pay for a pound of tea. What is the quantity demanded. Compute the decline in consumer surplus.
Presently the bond is priced to yield a return of 5% per year. Illustrate what is the bond's current market price.
What is Anna’s optimal choice of comic books and AOG? Illustrate her optimal choice on a graph, using indifference curve-budget line analysis.
Elucidate the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers.
Elucidate each of the following statements using supply- and- demand diagrams. a. " When a cold snap hits Florida, the price of orange juice rises in supermarkets through-out the country."
Do protectionist policies benefit producers, consumers, workers, or the government
Evalute the area of consumer surplus and producer surplus for the profit maximizing monopoly.
Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?
With the decrease in demand for bridge and tunnel crossings, what is the optimal way to adjust tolls: raise tolls, lower tolls, or leave unchanged.
Illustrate what techniques for changing organizational culture has Google used to form its culture.
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
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