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Is it possible for a firm to have an absolute advantage in producing something without having a comparative advantage?
You are given the following information. The current dollar-pound exchange rate is $2 per pound. A U.S. basket that costs $100 would cost $120 in the UK.
Suppose there are two goods, good C and good D. the cross-price elasticity of demand for these two goods is equal to - 0.8. a. What is the relationship between good C and good D? Explain your answer.
Suppose a four sector economy C=200+0,65Yd calculate the values of MPC, MPM, MPT
A Company is planning whether to increase into a new territory. It has estimated the following according to possible changes in the economy. Determine their expected growth and risk measure of the growth.
Illustrtae what is the final impact of expansionary fiscal policy on the price-level and real output.
Consider a small country that exports steel. Suppose that a "pro-trade" government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel
If Ben's income is $4, how much coffee and tea will she buy? Draw a graph of Billie's indifference curves and budget constraint in this situation and show how to use the graph to answer this question.
Assume that the cost data in the table below are for a purely competitive producer:
What is the marginal profit and total profit of a wage that is equal to $80 and an output that is equal to $3?- provide with the MRP-W labor market diagram
A geomatics engineer wants to purchased a highly accurate GPS surveying system. The unit costs $36,000, has a useful life of 5 1/2 years, and can be sold at the end of its life for $3,000. In addition, a maintenance and supplies payment of $1500 w..
In order to provide a preliminary market analysis of demand, supply and vacancy conditions, each team is required to collect "second-hand" macroeconomic data
Economics 714 Macroeconomic Theory Spring 2016 - Problem Set 2. Now suppose that there is full trade in goods and assets in every period. Find new expressions for the riskless interest rates (call these rift, for "free trade"). Do the interest rate..
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