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Need 120 to 250 word response.
For the past few years US President Obama and lately President-elect Trump. have been pressuring Chinese government leaders to strengthen the Yuan - the Chinese currency. What is the impact of a stronger Yuan on the US economy?
https://www.forbes.com/sites/kenrapoza/2011/11/19/obama-tells-china-leader-wen-to-strengthen-yuan/
Consider a small economy composed of six people: Eric, Ginny, Kenji, Lucia, Sharon, and Paolo. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as Employed, Unemployed, “Not in the labor force” if not ..
Producer surplus is measured as the area
A mechanical engineer is considering two robots for improving materials handling in the production of rigid shaft couplings that mate dissimilar drive components. Robot X has a first cost of $84,000, an annual maintenance and operation (M&O) cost of ..
Graph and label the Lorenz curve for a country in which 1/4 of the population earns 3/4 of the income, 1/2 of the population earns 1/10 of the income, and 1/4 of the population earns 3/20 of the income. Assume that every individual within each class ..
Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. and became a great success. What would you predict would happen in the restaurant market for that city? Draw a graph illustrating the likely changes in the shape and..
Suppose that the total market value of all the final goods and services produced in the country of GDPLAND is $34 billion in 2008 (measured in 2008 prices) and $36 billion in 2009 (measured in 2009 prices). Which of the following statements is def..
For each of the following industries, explain why or why not they may be viewed as perfectly competitive.
Running a bank, the current reserve ratio mandates holding reserves equal to 20 percent of deposits. If someone deposits $100,000, by how much will the money supply in the economy increase?
Total utility is determined by: a. finding the additional utility gained from consuming one more unit of a product. b. dividing the marginal utility derived from consuming a good by its price. c. multiplying the quantity purchased of a good by the pr..
Suppose the production function for oranges is Q = k^1/3 L^1/3. Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ? Does this cost function have increasing or decreasi..
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 80-Q, where Q = Q1 + Q2. The marginal cost associated with producing in the two plants are MC1 = Q1 and MC2 = 8. What is the profit maximizing..
What happens to the equilibrium price and quantity of ice cream in response to each of the following? Explain your answers.
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