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The U.S. has historically low interest rates at present. How would you predict these would impact the value of the dollar on foreign exchange markets? How, in turn, would these low interest rates impact our balance of trade? Explain your answers.
What is the opportunity cost of Josephine's trip to the wedding
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
Find three examples of firms that pioneered a new product in a new market . In your opinion, why were the successful pioneers successful and why were the unsuccessful ones unsuccessful?
Does convergence property imply that a measure of dispersion of income per person across the economies will narrow over time? Absolute convergence held for US states from 1880 to 2000. A measure of the dispersion of per capita income across the state..
Assume some pencil workers switch to jobs in the growing computer industry
q1. why does the assumption of independence of risks matter in the examples of insurance? what would happen to premiums
Consider a durable good monopolist whose product is usable for only 2 periods. However, each consumer can benefit from the product only for one period. The quality of the product does not diminish over time and thus those who bought the product in pe..
Suppose that the firm’s production function is given by Q = 10KL1/3. The firm’s capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
How it may be possible for increases in the minimum wage to have little impact on employment levels. Please explain using the following concepts: long-run versus short-run; b
a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
A typical firm in a perfectly competitive market has a cost structure described by the equation: C = 25 − 4QF + Q2F where QF is measured in thousands of units. Using the profit-maximizing condition, P = MC, write an equation for the firm’s supply cur..
Which economic decision makers conclude the provider of labor. Illustrate what is their goal also illustrate what decision criteria do they utilize in trying to reach which goal.
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