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How did Cummins use regulation as an opportunity?
A. By switching from diesel to gasoline
B. By entering the hybrid car industry
C. By creating a firm that could develop new engines to match standards
D. By moving to less-stringent Europe
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w , where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates. How can the People’s Bank of China (China’s central bank) maintain the pegged exchange rate? Is the B..
Farmer brown produces eggs and milk on his farm. He initially produces at point A. HE WOULD LIKE to produce the same amount of eggs per day and increase his milk production by one gallon per day. how does the production possibilities curve ( ppc) ill..
Wood can be purchase for $55 per unit in July. If the purchaser waits until November, the cost of wood is $70 per unit. Calculate the annual rate of return the purchaser would receive by buying wood in July instead of November.
The monopolist from the previous problem now faces a specific tax of 20, τ = 20. What are the optimal quantity and price given the tax? Calculate the welfare loss from the tax.
Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
Suppose that the American Heart Association has determined that pistachios are extremely heart healthy and can lower bad cholesterol levels. Is the information likely to cause a shift in demand or supply? What will happen to price?
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
Describe capital and labour productivity in engineering context and pharmaceutical industries in India. Discuss whether Indian Consumer goods industry is growing at the cost of future profitability.
what amount of additional government spending (without changing taxes) would be needed to reach the desired increase of GDP? 2) what change in total amount of direct taxes (without changing government spending) would be necessary to reach the same in..
Graph the consumption function, with consumption spending on the vertical axis and disposable income on the horizontal axis. If the consumption function is a straight line, what is its slope?
Discuss which Explain how drop in the export sales sets in an ongoing recession using accelerator model.
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