### Product life cycle theory of international trade

##### Reference no: EM13994480

What are the main elements of Raymond Vernon’s product life cycle theory of international trade and investment? Is Vernon’s theory still relevant in the 2010s?

#### Find out his utility maximizing h and l

Find out his utility maximizing H and L. Assume he is not eligible for welfare. Now assume he is eligible for welfare. Does he take welfare or work.

#### Monopolist pursues separate monopoly pricing policy

A monopolist faces a market A demand curve given by: QA = 70 – P and market B demand curve given by: QB = 50 – 0.5P. This monopolist pursues a separate monopoly pricing policy

#### Firm has total fixed costs and constant marginal cost

A monopolistically competitive firm faces the following demand curve for its product: The firm has total fixed costs of \$20 and a constant marginal cost of \$5 per unit.

#### The equilibrium price and quantity in market for car alarms

The federal government has imposed a new tax on car alarms. Assume that the tax is physically collected from sellers. a. What effect will this tax have on the equilibrium pric

#### Value functions is loss averse

Determine if each of the following value functions is loss averse. (a) v(x) = 0.25x for x > 0 and v(x) = 0.5 for x ≤ 0   (b) v(x) = √x for x > 0 and v(x) = 0.5x for x ≤ 0   (c

#### What is the minimum cost of producing

Suppose that the price per unit of input A is 2 euros, the price per unit of input C is 10 euros and the price per unit of input K is 24 euros. What is the minimum cost of pro

#### Compute the nash equilibrium

Assume two firms, A and B, serve a market with demand D(p) = 100 minus (p). Also assume that (i) firms compete for market share (quantity competition) and (ii) firm A has cost

#### Budget constraint and the indifference curve

What is the mathematical relationship between the budget constraint and the indifference curve at the optimal choice point for Cobb-Douglas preferences? How does this relate t