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All of the following are assumptions of the theory of comparative advantage, except
A. Assumes no transportation costs
B. Assumes constant returns to scale
C. Assumes diminishing returns to specialization.
q1. use the following general linear demand relationsqd 100 - 5p 0.004m - 5 pr where p is the price of good x m is
How far in advance is it worth proving out reserves? b: If the real discount rate were 10%/yr, what is the max time delay?
Explain how does capital help human productivity in relation to farm labor, office help, teaching, or government administration.
Explain why did they have differing views on socialism, with Marx being optimistic and Weber being pessimistic.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The operating instructions issued to the European Central Bank is to use monetary policy to focus entirely on targeting the inflation rate. If it follows those rules what would it’s Taylor rule equation look like? Be specific.
Elucidate what is the minimal compensation t that induce the buyer to accept the exclusivity contract. What is the maximal compensation that the monopolist is willing to oer to the buyer.
If all n identical firms in a market belong to a cartel, how much total output will be produced relative to the monopoly output, and how much will each firm produce?Suppose the graph on the next page depicts the demand for football tic k ets at Gr..
Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company's revenues and profits from an individual drug once it loses its patent protection.
Explain why you would not offer a loan to the next individual who applies for a car loan at your local bank at a higher interest rate than the bank pays on certificates of deposit.
How is culture of India reflected in idea of sacred cow. Illustrate what influence does this have on arts of India.
Assuming which the budget stays the same except for the interest on the debt for 10 yrs which will be accumulated debt
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