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In 1997 Canadian 2 X 4 lumber studs with two holes drilled in them (so that electricians could run wires) were categorized by customs agents as Category #4418 and free of any tar- iffs. If they had been categorized as #4407, they would have fallen under a quota system whereby only the first 14.7 billion board-feet of lumber Canada imports to the United States are duty free. The next 650 million are subject to a $50 export fee per 1,000 board-feet, and beyond that, a $100 fee. Roughly 15 billion board-feet of lumber is imported to the United States each year from Canada. If the Canadian 2 X 4 studs with holes are classified as #4407, this adds about $3,000 to the cost of a new home. Discuss the expected lobbying behavior of lawmakers from timber producing states (Montana and Alabama), the National Association of Homebuilders, and U.S. lumber companies (for instance, Georgia Pacific).
Calculate the unit contribution margin and contribution margin ratio for each birdbath sold - Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses.
1.Explain the circumstances under which an increase inpensions and child benefit would
In the context of a competitive market, what are the impacts on price, quantity, and the outcomes for producers and consumers, of a shock to the marginal cost of production that hits one sector of suppliers?
A company has the following short run demand and cost schedule for a particular product: Calculate the total profit or loss this firm would make
Show the effect of dollar appreciation and depreciation with the euro on the price of U.S. exports and imports.
Develop your own framework and process/method for evaluating economic issues and problems based on the Bible. Describe your approach in enough detail that the reader can apply it to real world problems.
Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.
1.The USA is the world's largest emitter of CO2, and China is the second largest. What issues arise from this in the formulation of a global policy to reduce CO2 emissions?
Roommates: Two roommates each need to choose to clean their apartment, and each can choose an amount of time ti ≥ 0 to clean. If their choices are ti and tj , then player i’s payoff is given by (10 − tj )ti − ti ^2 i and j are subscripts.IESDS is ite..
Your parents are planning investing in PepsiCo common stock. They ask you, as an accounting expert, to make an analysis of the firm for them. The financial statements of firm can be found at firm's website.
Company B has invested 5-years and $6 million in creating a new product. Even now, it is not clear whether product can compete profitably in the market.
After a 10 percent price discount, a company found that its weekly sales increased by 30 percent. If the marginal cost (MC) of this product is $40 each, determine the optimal price for this product?
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