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What is meant by absolute advantages and comparative advantages? What are the differences between the two? Choose a country and then consider what that country produces where they would have an absolute advantage over the United States. Also consider what product the United States may have an absolute advantage in that would allow trade between these two countries. Do the same for comparative advantages. Please make responce 150 words minimum.
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
Elucidate the role of differentiation in the market for pizza. Then apply the feedback critique to the role of differentiation in the industry.
Over which range of production, the marginal product of the variable input would be increasing in the short run.
Elucidate how the solow growth model differs from models of endogenous growth with respect to the sources of technological progress and returns to capital.
Elucidate how would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap.
what should it do to increase profit? If the firm is profit maximizing, is the firm in a long-run equilibrium? If not, what will happen to restore long-run equilibrium?
Graphically illustrate the total surplus associated with 2 randomly chosen quantities in the market (put this on two separate diagrams).
Illustrate which competitor is better positioned to take advantage of this opportunity. Assuming that neither company can segment the market.
Each month, aztec spends exactly $2 million on advertising. Illustrate what is aztec's elasticity of demand for advertising. Can you write the equation for Aztec's demand for advertising.
If their account earns 6 percent per year compounded quarterly, how long will it take them to have a total of $20,000 in their savings account?
Illustrate what is the dollar value of the deadweight loss when output level is produced? Illustrate what is the dollar value of the total surplus when output level is produced
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