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Problem - Suppose that the US demand for aluminum is given by QD = 500 - 50 P + 10Y, where P = Price of aluminum per ton Y = average income (in 1000's per year). And the US supply of aluminum is given by QS = 50 P - 200 PB.
If Y = 10 and PB = 2, what is the equilibrium price and quantity of aluminum?
What is the challenge of organization in international business? Why do managers increasingly worry about it? What trends drive current change?
Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..
How does the natural rate of unemployment change as the demographic composition of the population changes?
A monopolist produces a good x and pollution as a by-product. The production of x units of the good generates x gross emission units (i.e. EG = x). Assume the existence of an abatement technology that can reduce emissions by an arbitrary amount 0 ≤ E..
assume that a firm in a perfectly competitive industry has the following total cost schedule3 pointsoutputtotal
Write a 2500 word report in which you will analyse the following statement: "The study of political economy should be analysed by making analytical distinctions between the spheres of politics and economics, and the national and international dime..
Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C = 50 + 4Q + 2Q2
Compare national and international bodies of freshwater, when it comes to institutional regimes - are the challenges similar, or must they be treated in different ways?
Assume that you are going to start a small business of your own.Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:what costs you would incur;what competition you might experience;
What is Cohort Effect? How to disentangle the "pure" effect of age from a birth cohort effect?
There is only one buyer and her incremental Reference Price (RP) for various amounts of SOMA are shown in the table below:
Deviant behavior is a natural disposition. Which theoretical approach best explains deviant behavior? Support your opinion with factual information and explain your reasoning.What are the strengths and weaknesses of this approach?
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