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How can you explain that two countries can gain by trading even if one country is more efficient than the other in the production of every commodity? Consider the laws of absolute and comparative advantage. Provide specific examples to support your answers.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
A drug company has a monopoly on a new class of eye drops. The market demand is given by P=200-0.03*Q, and thus MR=200-0.06*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
The market for sports performance drinks experienced a big shift in 2012 as sales of low-calorie sports drinks grew by over 25%. Many attributed this shift to greater use by women who wanted a sports drink without many calories.
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
q.1. a. differentiate between monetary policy instruments and monetary policy toolsb. describe the two key tools of
illustrate what proportion of the population would score higher than Bob.
Unemployment and how to use Fiscal Policy to address Recession. Background for this question: The US economy is currently experiencing recession according to the Federal Government. You can use only Fiscal Policy and the AD – AS model. 1. Using Fisca..
Under the household production model, the full cost of any activity equals: Occupational segregation is more likely to explain the: Employer discrimination imposes costs on:
Demand Function: Q=1,000 - 40 P MR=25-0.05 Cost Function: 4,000 + 5Q How do you achieve the optimal price and quantity? How do you formulate the solution?
Illustrate what do the nominal interest rate also the real interest rate that Whitney can earn. Whitney puts money in a savings account at her bank earning.
How might managers interpret the potential for their product in a market that is, in absolute economic terms, large but, on a per capita basis, characterized by a majority of poor consumers? In the event that the BRICs fail to meet projected performa..
Maria consumes two goods, strawberries and other goods. Because of her exquisite taste, she buys her strawberries from a particular vendor. Her preferences over other goods y and strawberries x is characterized by a utility function U(x, y) = x + y, ..
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