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Q.1 Why is Comparative Cost Theory considered as an improvement upon Absolute Cost Advantage Theory?
Explain Porter’s Diamond Model
Q.2 Explain Hofstede’s Cultural dimension.
Q.3 “An economic union comprises of a common market and a custom union.” Explain.
Q.4 Explain the components of International Financial Management.
Q.5 What are the differences between International Accounting Standards and Domestic Accounting Standards?
Q.6 Explain the key component of International Strategic management.
Words Limit: 2000
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Stan Money maker needs 15 gallons of gasoline to top off his automobiles’ gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, Stan can save $0.10 per gallon on the price of gasoline.
There are two firms in an industry where the consumer demand function is: P= 160 – Q/2. The firms produce identical goods, and each firm has a constant marginal cost of $10. They engage in Bertrand competition.
Construct a decision tree incorporating your probability estimate from part (a) and your utility values from part (b). What is the operator's best course of action? Explain.
A firm has two plants, one in Mexico and one in the United States and it cannot change the size of the plants or the amount of capital equipment. The wage in Mexico is $5. The wage in the U.S. is $20.
the 2010 deep water horizon oil spill in the gulf of mexico caused a huge increase in the number of workers hired to
the next three questions refer to the graph below.nbsp assume that the premigration labor force in country a is a and
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
Globalization
Suppose martha's utility is given by U=1/2^2 +3y^2. what is formula for martha's rate of substitution? Is the marginal rate of substitution increasing or decreasing or constant as martha substitutes x for y?
Michael Kinsley, a political columnist, observes: "The idea of insurance is to share the risks of bad outcomes." In what sense does insurance involve sharing risks? How does the problem of adverse selection affect the ability of insurance to provi..
Aura has a utility function given by U(X, Y) = 4X0.5Y0.5. The current prices of X and Y are $25 and $50, respectively. Laura currently has an income of $750 to spend on X and Y.
You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing firm, despite the manager's strong external sales record.
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