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Q. Draw a production possibility frontier that is consistent with above assumptions. Depict an initial world trade equilibrium and consumption possibilities of large country, consistent with above assumptions. Suppose large country imposes a tariff on its imports. How do country's Terms of Trade change? How does domestic price ratio change? How will large country's production pattern change? How will large country's consumption and trade pattern change? How is welfare affected? Suppose large country promotes its exports with a cost subsidy to producers. How do country's Terms of Trade change? How does domestic price ratio change? How will country's production pattern change? How will its consumption and trade pattern change? How is welfare affected? Is re a difference to import tariff?
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
Calculate the cost elasticity of demand as well as for paint as well as show your calculations.
Can you provide any examples of Illustrate what kind of equality could be made to offset these increased society costs
Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
Illustrate what are the effects of awards paid to heirs of workers judged to have been worked to death in Japan on wages
Illustrate what would you do shut down or continue to operate. Use hypothetical numbers to explain.
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.
discuss whether you agree or disagree with Chairman Bernanke's remarks on economic outlook and the role of the Fed' s monetary policy effectiveness by using unconventional policy.
Firms are competing by choosing prices. Suppose that every firm's marginal cost is zero.
compute the average cost function for skateboards. what shape does the graph of this function have. What is the average at this level of output.
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