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Q. In monopolistic competition model of trade, countries trade because they like to consume all available varieties. Suppose you can collect country level trade flows and GDP data. Explain how can you verify monopolistic competition model with data? Illustrate what do you expect is impact of transportation costs?
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Can you explain the law of diminishing returns in your own job place. Can you find a counter example.
Illustrate what happens to inflation is indeterminate; it could be either higher or lower than in the standard model.
illustrate what does the efficient market hypothesis say will happen to the price of the stock when the $4 loss is announced.
Illustrate the total price of production (including the cost due to environmental damage) at the unregulated equilibrium quantity of 400.
Some economists prefer to use the term businessfluctuations rather than business cycles toSome economists prefer to use the term business fluctuations rather than business cycles to discuss the historical growth record in the united states because..
Think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs.
As per the rule of optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
Elucidate how on your diagram also calculate the profit maximizing output also price. Calculate the consumer surplus at the profit maximizing price also quantity.
Illustrate how many would you expect to be sold under each pair of price and income demand elasticity estimates.
Illustrate what would you expect to happen to the company's total revenue if the shoe prices were increased. What if the company lowers the price.
The existing equipment will be sold for $6,000. Illustrate what is the first cost that should be used.
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