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Suppose you are the manager of the only firm worldwide that specializes in exporting fish products to Japan. Your firm competes against a handful of Japanese firms that enjoy a significant first-mover advantage. Recently, one of your Japanese customers has called to inform you that the Japanese legislature is considering imposing a quota that would reduce the number of pounds of fish products you are permitted to ship to Japan each year. Your first instinct is to call the trade representative of your country to lobby against the import quota. Is following through with your first instinct necessarily the best decision? Explain.
Suppose that the demand function is given by x=P^-n, and the supply function by y= p^e. Determine the equilibrium price. Determine the effect on the equilibrium price of the introduction of a tax t=0.1
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
Most practitioners presently update MRP weekly or biweekly. Would it be more valuable if updated daily, or even on a real-time basis.
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
Should the controller's argument be accepted if she does not really know much about copier technology. What would it make a difference if the controller were knowledgeable about the pace of change in copier technology.
What would an economists say that the burden of the FICA tax is shared equally. Who bears more of the tax burden Workers or employers.
You are a fixed income fund manager based in euroland. Other than return of the EUR bond market. Demonstrate the benefits of international diversification by investing 70% of your portfolio in EUR bonds, 30% in UK bonds.
A philanthropist working to set up a permanent endowment wants to deposit money each year, starting now and making ten more deposits,
Overview of the project's objectives and scope
Assume you are asked to do market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after Spring floods or New Orleans after Hurricane Katrina.
Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.
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