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Volkswagen company is Germany own company with a massive factory in Mexico. In 2013, the Volkswagen Mexican factory produced $228 worth of cars and sold $6 to the U.S., $51 to Mexico, and $10 to Germany. How much was added to Germany’s GDP?
Other counters that we are running out of cheap energy. Explain which person is correct also why.
Additional regulation in a sector of the economy is socially advantageous whenever the marginal benefit to society of additional regulation is less than, is the same as, or is greater than the marginal cost to society.
Suppose that the nominal rate of interest is holding steady at 8 percent even as the anticipated rate of inflation rises.
What is the “ethic of giftedness”? What values does Sandel argue are realized in embracing this ethic? How would Sandel view uses of technological enhancement that are generally accepted (prosthetics, eyeglasses, etc…)?
Why do Caterpillar and your parents have different opinions about the value of the dollar.
The law of supply states that, holding all else constant, as the price of a good increases:
Graphically, the reservation wage is shown by:
How would each company determine the location of their facilities? List the specific needs and requirements of each company when determining location.
1. explain why work done at home is not incorporated however housing services that are also done at home are
q.consider ?the ?following ?market ?for ?a ?single ?good ?x ?with? two? firms ?that compete ?via? price? bertrand.?you?
A firm’s total cost of producing 50 units of output is $1,000. At this output level, average fixed costs are equal to $10. It follows that the firm’s average variable costs are equal to? To maximize profits, a price-taking (i.e., competitive) firm sh..
q1. choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics
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