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"The United States simultaneously limits imports of ethanol for fuel purposes, and provides incentives for the use of ethanol in gasoline, which raise the price of ethanol by about 15 percent relative to what is would be otherwise. We do, however, have free trade in corn, which is fermented and distilled to make ethanol, and accounts for approximately 55% of the cost. What is the effective rate of protection on the process of turning corn into ethanol?"
Does the patent system encourage duplicative efforts solely for the chance to be first.
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double. Elucidate how long will it take Mexico's real GDP per person to reach the level that the United States was at..
Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.
Find out the CPI in the subsequent year also the rate of inflation between the base year also the subsequent year.
there was a month were employment and the unemployment rate rose. Suppose the computations were correct, explain how is it possible for both to have increased.
When the Federal Reserve utilizes open-marketplace operations to raise the Federal funds rate several times over a yr.
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Find out the ticket price that maximizes revenue. Find the profit-maximizing expenditure on players and the profit-maximizing fraction of games to win.
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Compare the additional income Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional income it makes as it moves from 40 million to 60 million copies of Vista.
Elucidate briefly in what way the HOV, or factor content theorem, extends the standard HO model.
illustrate what dollar amount will the profit margin.
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