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In a newspaper column, Frank Wolak, a professor of economics at Stanford, referred to "the economic forces that lead to most children's toys being developed in the United States and mass-produced in China and other developing countries." What economic forces is he referring to? If a U.S. company develops a toy, why is a Chinese company likely to end up manufacturing the toy? Source: Frank A. Wolak, "Our Comparative Advantage," New York Times, January 19, 2011.
Populations tend to grow over time, meaning there are more workers. In order to maintain a constant level of worker productivity, the total amount of capital available to them must:
The question is related to economics and it is about two firms in the Cornout market merge into one firm, what would the merger result in? How much of marginal cost would prevail in the market, etc.
Given production function Q= 100(L^0.5)(K^0.5), where L = labor hours per unit time, K=machine hours per unit time, and Q=output per unit time.
as a budding entrepreneur you have purchased a small bagel shop. you have engaged in a market study to categorize your
In August 2007, a sharp downturn in the U.S. housing market reduced the income of many who worked in the home con- struction industry. A Wall Street Journal news article reported that Wal-Mart's wire-transfer business was likely to suffer because ..
Jerry bought a house for $400,000 and made an $80,000 down payment. the rest of the cost was paid with a 30 year loan. Payments were paid monthly. The nominal annual interest rate was 6% after 10 years he sold the house and paid the remainder of the ..
between 2009 and 2010 the quantity of cars produced and sold decreased by 20. during the same period the price of cars
predict what would happen to the equilibrium price of marijuana if it were legalized. use demand amp supply analysis to
Give three reasons why gold has been such a popular form of money
We have a consumer who maximizes her utility at a certain point on the budget line. In that point, the budget line must be a tangent to an indifference curve. We therefore have an indifference curve such as I1 and a budget line such as BL1 in Figu..
What is the law of diminishing marginal productivity - How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.
A manufacturer of precision plastic parts estimates that ATR spectroscopy can save the company $5000 per year by reducing returns of out-of-spec parts. What is the future worth of the savings if they start now and extend through year 5 at an inter..
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