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1. What three reasons are often offered in support of trade restrictions?
2. What would happen to the standard of living in the United States if all foreign trade were eliminated?
3. How might a nation's endowment of natural resources, labor, and climate shape the nature of its comparative advantage?
Find the equilibrium price and quantities for the case in which the two taxi companies engage in Cournot (quantity) competition. What profits will Big Ben Taxis and Whitehall Taxis earn.
What is the unbiased estimate of the difference in height between boys and girls? Provide a formula and check the unbiasedness. Calculate the value of this estimate for the given sample
A local realtor estimated the long-term income elasticity of demand for rental properties to be 0.9 and the long-run income elasticity for owner-occupied housing to be 1.10. Recent estimates indicate that income is forecast to rise at 5% per year ..
A French company merges with an American company; stockholders in the U.S. company exchange their stock for shares in the French firm.
An upstart phone company has only two potential large customers, Firm A and Firm B. Firm As monthly demand for phone calls is Q1 = 2; 800 - 200p and Firm 2s is Q2 = 5; 000 - 100p. The marginal cost of providing a phone call is 6 cents.
A worker will be paid $3,000 if she gets at least 40 answers right and $2,500 otherwise. For either type, an hour of studying is as bad as giving up $20 income. What is the equilibrium of this scheme?
Calculate the Average Propensity to Consume for two households
Suppose a freeze in Florida wipes out 20% of the apple crop. How will this affect the equilibrium price and quantity of pear Assume that the apple and pear are substitute to each other.
Simpkins Corporation is expanding rapidly, and it does not pay and dividends because it currently needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $1.00 coming 3 years.
Qd= 100-10P(buyers) Qs= 15P(sellers)Equilibrium Price and Quantity respectively are 4 and 60. Suppose an excise tax of $2.00 per unit is placed on the sale of this good.
suppose that disposable income consumption andy saving in some country are200 billion 150 billion and 50 billion
There are only two firms in the widget industry. The total demand for widgets is Q = 30 - 2P. The two firms have identical cost functions, TC = 3 + 10Q. The two firms act as though they were a monopoly. At what price and quantity will this cartel ..
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