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Assume that:
a. The U.S. is relatively Capital Abundant.
b. India is relatively abundant in Skilled Labor.
c. Tractors utilize capital relatively intensively.
d. Computer software utilizes skilled labor relatively intensively.
If trade between the U.S. and India is free, which good will the U.S. export and which will it import? What will happen to production of the two goods (increase or decrease) in the U.S? Explain your reasoning.
Consider two occupations (A and B) that employ people with the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day.
You just inherited $10,000. while you plan to squander some of it away, how much should you deposit in an account earning 5% interest per year if you'd like to have $10,000 in the account in 10 years.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development What condition would encourage research and development in competitive..
Suppose the price of labor increases to $2 per unit. What effect will this have on output per unit of labor and is this plant subject to decreasing returns to scale? Why or why not?
Suppose that instead of maximizing profit, the firm wants to maximize total revenue. Using algebra determine the optimal output, price, profit and revenue for the firm.
Managers are very interested in how a consumer makes a choice among alternatives. In this exercise, we ask you to consider the amount of money you spend purchasing gasoline to operate your automobile for a month and any alternatives available to y..
Business proposal for your chosen good or service. Include assumptions about the elasticity of demand and the market structure for the good or service.
1 given the following reliabilities of components bridge will not collapse in a series with reliabilities indicated.
Models of Bond Pricing
In your paper, compare and contrast how technology has helped build your business and personal relationships versus how technology has weakened those relationships.5.What can you and others do to use technology (including social media) to reduce a..
If Mary has signed a lease for a shop with 1,000 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $3 per unit, how many bouquets per month should she sell in the short r..
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
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