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Evaluate the relative importance of economies of scale and comparative advantage in causing the following:
a. Most of the world's aluminum is smelted in Norway or Canada.
b. Half of the world's large jet aircraft are assembled in Seattle.
c. Most semiconductors are manufactured in either the United States or Japan.
d. Most Scotch whiskey comes from Scotland.
e. Much of the world's best wine comes from France.
Paul consumes two goods: potatoes and leisure, N. the number of potatoes Paul consumes does not vary, but their tastiness, T, does. For each extra unit of tastiness, he must spend Pt hours in the kitchen. Thus, Paul's time constraint is N+PtT=24. ..
Atlantic Metals and Plastic uses austenitic nickel-chromium alloys to manufacture resistance heating wire. The company is considering a new annealing-drawing process to reduce costs.
A thin-walled beam of uniform thickness has the cross section shown. Determine the dimension b for which the shear center O of the cross section is located at the point indicated.
If we examine the market for rice in USA during the year2007 and 2009, the demand of rice was higher in the year 2007 but it felldown during the year 2009, due to the drop in the export demand of rice.
Plot the level of the index of consumer sentiment against the growth rate of disposable income per person. Is the relationship positive?
Alex is the manager of a division of a paper firm that produces copier paper and sells it on the wholesale market. His firm's output represents about 1.5% of total copier paper sales. The wholesale price of copier paper is $3.95 per standard packa..
Suppose that there is a negative externality in the market for trout in Colorado. Letting Q represent pounds of trout, explain (using graphs and words) why government intervention in the market for trout may be appropriate.
what is the equivalent uniform annual cost per machine (years1 through 5) at an interest rate of 12% per year?
Is there a positive or negative relationship between these variables?
Assume that there are no excess reserves inthe banking system and the reserve ratio is 40 percent. John Smith finds $10,000 incash under his mattress, stashed there by his great aunt who didn't believe in banks
A $17,000 car is purchased for $3,200 down with the remainderto be financed ovr 36 months at 10%. Determine:(a) Monthly payments (b) Total interest (dollars) that would be paid in 36months
Why or why not? What would you propose be done for Africans to overcome any negative effect of European colonialism?
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