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According to the Wall Street Journal, the US Department of Commerce has "decided that display prices by Japanese companies in their home market may be artificially low. Rather than comparing US prices with Japanese prices, Commerce is now coming up with their own 'fair' price based on a formula accounting for the costs of materials, research, and return on investment." Do you think this procedure is more or less likely to result in imposition of antidumping duties than one in which prices charged by Japanese displays in the US are compared with actual prices for the same displays in Japan? Why? Which procedure would you prefer to see used? Why?
Suppose that in England 5 man-hours are required to produce each cask of wine and 5 man-hours are required to produce each bolt of cloth, whereas in Portugal 1 man-hour is required for a cask of wine and 4 man hours for a bolt of cloth. What are the ..
The term gross domestic product (GDP) refers to: How has the measure of the GDP changed over the past decade?
illustrate and explain how each of following would affect market value of US dollar. Canada experiences severe deflation. US engages in an expansionary monetary policy.
If the firm produces 1,500units, its average variable costs equal $5.50per unit, and its average fixed costs equal $0.50per unit. What is the firm's profit-maximizing (or loss-minimizing) output level?
explain and categorize the cost of inflation. Because of inflation has risen, the L.L Bean Company decides to issue a new catalog quarterly rather than annually.
Briefly describe the tactics and strategies the organizations should use to minimize foreign exchange exposure. What financial institutions were established and for what purpose? Did the agreement work? How are national currencies controlled today?
The lifetime of traditional light bulbs measured in hours is known to be normally distributed with μ=100 and σ=20. What is the probability that a randomly selected traditional light bulb will have a lifetime of 85 hours or longer?
If the taxes are set so that each resident shares the cost evenly (a=b=c), how so many paths will get built.
The U.S. market for hand sanitizer is controlled by a monopoly (firm I, for incumbent) that has a total cost given by TC(qi) = 0.025qi^2. The market demand for hand sanitizer is given by P = 50 – 0.1Q. Show that the monopolist would need to commit to..
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
The state of NJ recently passed an increase in the minimum wage, how will this impact wages and the quantity of labor? Make sure to include the appropriate graph (starting with the initial equilibrium price and quantity) as well as who the potential ..
What did you add more specifics and associated reasons why you decided to recommend the course of action you selected and how you believe the course of action you selected might best be carried out.
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