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You have been appointed "Global Manager" of a firm that has two plants, one in the United States and one in Mexico. Assume you cannot change the size of the plants or the amount of capital equipment. The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
Marge opens an oxygen bar in a building she owns. She utilized to rent the building to her brother in law.
Which of the following recieves government subsidies that are in place to protect the population rather than the economic reason.
Illustrate how do you think this would affect household spending on goods and services.
Assume that the Keynesian short-run aggregate supply curve is applicable. Elucidate the two factors that can cause the nation's real GDP to increase in the long run.
To what extent is to greek proverb "Happiness is the full utilization of your capacities along lines of excellence." similar and different from the traditional definition of economics.
Domestic produces often base their claim for import protection on the fact that workers in country X are paid substandard t wages.
illustrate what is which industry's marginal revenue as it increases o/p from 1300 units to 2200 units.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
Illustrate what is the marginal cost of one of the 50 newspapers folded also bagged by the fourth student.
Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
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