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Q1. "For you and your neighbor to specialize and trade, it must be that the price at which you or your neighbor sells the product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? Isn't p = price??
Q2. To find and explain the Nash equilibria of a widespread form game can I use the equivalent normal form game to do that?
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
What are the most important things to consider when making a pricing decision for a good whose demand as well as is elastic.
What does it mean to have an imperfectly competitive market. Clarify with examples.
The terms of trade if the united states trades 1 can of soda for 5 units of clothing.
How many Argentine pesos would it cost given the new exchange rate you just calculated.
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