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Why do some people and some countries advocated for a greater liberalization in international trade, meanwhile, some have favored more protectionism? Please apply both society-centered and state-centered approaches to support your argument.
In a short paper, first explain the theory of 3 rd degree price discrimination as it applies to the airline industry including a graphical model. Explain how and why airlines would choose to practice price discrimination.
Kenji is working for an advertising firm making $60,000 per year but considers starting his own advertising company. Kenji has determined that to launch the business, he needs to invest $100,000 of his own funds. Kenji plans to manage the business, w..
A drought in Nova Scotia reduces the apple harvest, what happens to consumer surplus in the market for apples? What happens to consumer surplus in the market for apple juice? illustrate your answers with diagrams.
The price of cotton rises. What happens in the market for cotton shirts?
Apply the decision-making model developed. What are the basic steps in all types of decision making processes.
What are the principal sources of saving? What is investment? What are the two types of economic investment? What is economic investment?
The inverse demand curve for widgets is P = 130−2Q. There are two firms, A and B, who produce widgets. Each firm has a constant marginal and average cost of producing the good that equals 10. Write down the profit function of each firm. Suppose there..
The president of the United States announces in press conferences in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what will happen to interest rates if the public believe him. Why should a..
Is your answer consistent with illustrate what you would expect to find with the liquidity preference framework.
Walmart is laying off cashiers, and increasingly adopting the policy where customers must use self checkout or pay a fee. Jason Clarke is the manager of a Walmart. There are 20 cashiers and 8 self-checkout stations in this store to serve 1000 custome..
Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
The final submission of your project at the end of the term will be a 2000-3000 word document that you will submit to outline the problem, propose your solution, and recommend implementation of your solution.
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