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If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit
q. assume the industry demand for a product is p 1000 - 20q. assume that the marginal cost of product is 10 per unit.a
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
Hugo, a manufacturer, wanted to retire. His business had some good contracts. For this reason, Ian wanted to buy the business. Hugo showed Ian his accounts for the last three years, his orders for future work not yet carried out and the debts owed to..
If the family buys the 4-day pass and uses 2 days on this visit and 2 days on the next visit, what IRR is earned? (Answer: 35.7%)
Grapes must be harvested by hand. This production function is characterized by fixed proportions - each worker must have one pair of stem clippers to produce any output. Suppose a vinyard owner currently has 20 clippers. If the owner wishes to utiliz..
?If my stock in the European stock market rises by 20%, what movement would need to occur to cause me to lose money on my transaction.
Consider an antique auction where bidders have independent private values. There are two bidders, each of whom perceives that valuations are uniformly distributed between $100 and $1,000. One of the bidders is Sue, who knows her own valuation is $200..
Why do firms typically borrow less than half of their capital, i.e., what are the negatives of debt financing?
CER defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer.
Suppose you purchased a ticket to a concert for $30 a month ago. Last week someone invited you to a party on the same night as the concert. You would much rather go to the party than the concert. You have tried unsuccessfully to sell the concert tick..
List the main assumptions and the main conclusions of the Cournot model.
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