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The Argentine peso to Canadian dollar exchange rate was 1 ARS = .092 CAD on March 25, 2016. A year ago the rate was 1 ARS = .143 CAD. Did the Argentine currency appreciate or depreciate and by what percent?
Find the optimal (x, y, λ) for max u(x,y)= kx^ay^b s.t. PxX+PyY = m, in terms of the parameters of the model. Prove that the optimal (x,y, λ) is indeed a maximum. Comment
What is the role of the IMF (International Monetary Fund) in the process of Economic Development of developing countries? On Dec 2, 2015, the IMF has upgraded the Chinese currency Renmenbi (the Yuan) to one of the world's reserve currency (so called ..
Illustrate what ranges of the money growth rate (assuming positive values) would allow the Bank of Korea to achieve this objective.
Suppose that the U.S. government decides to charge beer consumers a tax. Before the tax, 15 billion cases of beer were sold every year at a price of $7 per case. After the tax, 9 billion cases of beer are sold every year; consumers pay $10 per case (..
What did the establishment of operational bands do to the expectations of ruble speculators? Would these expectations be stabilizing or destabilizing in your opinion?
Consider the market for branded designer dog tags. Economic consultants have estimated a linear approximation to the market demand curve: QD(P) = 120 – 30*P, where the intercept and slope terms are in millions. To make the marketing campaign worthwhi..
In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how th..
Consider the intertemporal production economy with money of Chapter 12( WIllamson). the government decides that the use of credit cards is bad, and introduces a tax on credit card balances. at is, if a consumer or firm holds a credit card balance of ..
Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist. What is monopoly profit? Should a monopolist produce quantities of product greater than that which would maximize profits?
Suppose the market for cigarettes is characterized by the following information: Qd=70–5P [Demand] Qs=3P–10 [Supply]. Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium. Calculate the tax revenue in the po..
If a firm experiences diseconomies of scope, then it:
Examine the major influences that organizational culture can have on organizational ethical decision making. Use the Internet to research a business leader that you believe to be an ethical leader. Next, examine the key traits and actions that the se..
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