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Q1. You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs? The difference between the cost to produce the CDs and the price you paid for them spending $30 on two new CDs spending $30 on dinner and a movie with your friends this Saturday night knowing you are the first of your friends to have these CDs.
Q2. When a country allows free trade, the before-trade domestic price of pineapple in the United States is $500 per ton. The world price of pineapple is $600 per ton. The United States is a price-taker in the pineapple market.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
Dependency theory characterizes countries as being either in the center or on the periphery
The law of demand states that other things equal
Clarke's workers are highly skilled artisans with a great deal of job mobility. What impact would the wage increase have upon the firm's employment.
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
Which of these same curve would shift as a result of the per-burger tax. Curves average fixed cost,marginal cost would shift as a result.
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
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