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Country A has 16,000 units of labor and can produce 2 goods, manufactures and food. A’s producers take 2 units of labor to produce one unit of manufactures and 8 units to produce one unit of food. Country B has 36,000 units of labor and takes 6 units of labor to produce one unit of manufactures and 5 units to produce one unit of food. What is the price of manufactures in terms of food at which A and B would respectively supply manufactures? What would A export in Adam Smith’s world? What is the amount it could supply?
Do protectionist policies benefit producers, consumers, workers, or the government? Explain.b) Explain how the "Buy American" theme hurts Americans. a) Identify the four major tools of monetary policy.
what is average productivity? what is marginal productivity? explain the relationship between marginal and average
1. Why do you that the market clearing interest rates on bank savings and time deposits have fallen as the interest rates on bank loans have dropped 2. If interest rates earned by banks on their assets fell close to zero, why might all ..
visit the u.s. government web site httpwww.export.govtradedataindex.aspgo to the importexport data link. find
why is it so certain that price elasticity will cause those prices to return to levels they were at instead of staying lower based on the new technology?
the us treasury isnt the only issuer of bonds. corporations also issue bonds that have future payment structures like
explain market equilibrium under monopolistic competition. why does price charged by typical firm exceed minimum
problem 1. perfect substitutes productionthe firms technology is such that one unit of output can be produced either
A company's headquarters is located in downtown Chicago. If they require their employees to start working at 6:00 a.m., the company is interested to know the mean driving time of its employees. Fifty
The total cost of a firm is given as C(Q) = 0.2Q3 - 0.5Q2 + 300Q +100 the current level of production is 10 units. If the firm plans to increase its level of production to 10.1 units estimate the change in the total cost of production
Profit maximization in perfectly competitive and monopoly markets requires setting MR = MC - in monopoly markets, firm and market demand curves always have identical slope.
The payoff matrix below shows the payoffs for two coffee manufacturers, Cambridge and Greystone, which are deciding whether to advertise. The blue payoffs show Cambridge's profit for different strategies selected by each firm. The orange payoffs s..
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