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1. Assume initially that the demand and supply for premium coffees (one-pound bags) are in equilibrium. Now assume Starbucks introduces the world to premium blends, and so demand rises substantially. Describe what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminates Brazil's premium coffee crop, what will happen to the price of premium coffee?
2. In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front. As a result, the production of oranges was severely reduced. In addition in early 2007, President George W. Bush called for the United States to reduce its gasoline consumption by 20% in the next decade. He proposed an increased in ethanol produced from corn and the stalks and leaves from corn and other grasses. Illustrate what is the likely impact of these two events on food prices in the United States?
What should Honda and Toyota do to manage this short term average price increase.
Why do celebrity icons receive such widespread attention and adulation
Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate.
Illustrate what evidence does GI present to support the view that Canada had entered a recession
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
Discuss major fundamental shortcoming of theories of cost determination in england prior to roughly 1870, why failure.
Compute Ikonomia's gross national expenditure (GNE), gross national income (GNI) and gross national disposable income (GNDI).
Walmart.com announced that it wants to be "the most visited, most valued online retail site." Suppose you were hired by an outside consulting firm to evaluate Walmart.com's potential to achieve this goal.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
English is becoming the usual language for international transactions, even if the language of neither country is English.
Elucidate however, was 3 percent in Finland also 1.8 percent in France. From this we can conclude that France's every capita GDP
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