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Suppose Jamacia trades in sugar and steel with other countries such as Canada, Mexico, and the U.S. Use the following data for the sugar and steel sector of Jamaica. Sugar: Sales Revenue: Ps*Qs=80 Payments to Labor: W*Ls=50 Payments to Capital: R*Ks Percentae Increase in Price:?Ps/Ps=0% Steel: Sales Revenue: Pb*Qb=80 Payments to Labor: W*Lb=30 Payments to Capital: R*Kb=50 Percentage increase in price:?Pb*/Pb= 25% 1Give the percentage change in the rental on capital and percentage change in wage. Compare the magnitude of the percentage in the rental on capital with percentage change in wage in part 1. Use notation format.
illustrate what dollar amount will the profit margin.
Describe briefly one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Illustrate what are major arguments in case for income equality. Illustrate what are major arguments in case for income inequality.
Why should this policy be undertaken under conditions where economy is at some GDP level less than full employment level? You may use a long run aggregate supply curve to bolster your argument here.
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
What is the point price elasticity of demand at a price of $70? What is the point price elasticity of demand at a price of $60?
Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete. Why do most economists oppose trade restrictions.
Elucidate what type of returns to scale does this technology represent.
Country Z is a developing country that is facing problems of deforestation.
Illustrate what should be the production level if the producer operates in a monopolistic competitive market where the cost of software at each possible quantity
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
Converse Elucidate how you might go about evaluating the rate of return for the new equipment.
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