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Studies that consider the effects of immigrating from Mexico to the United States generally find that the big winners are the immigrants themselves. Explain this result in terms of the example in the question above. How might things change if the borders were open, with no restrictions on immigration? Analyze how the opening of the borders will influence income distribution. Respond to at least two of your classmates’ posts.
Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one day. What obstacle does he face to starting a corporation right away?
A country is described by the Solow growth model. It has a population growth rate of 5 percent and a rate of technological progress of 3 percent. It is currently at the steady state. What is the country is growth rate for output and output per worker..
An argument can be made that the Government could improve consumer welfare by requiring companies to provide accurate information to consumers about their products. Should the Government increase, decrease or remain the same in its level of intervent..
If the firm is currently producing 30 units, what are its marginal cost and marginal revenue at the current output level?
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a ration..
Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly inflation rate in Zimbabwe is 1%. What is th..
Suppose the marginal product of capital is 16 and the marginal product of labor is 3. If the price of capital is $4 and the wage rate is $3, then in order to minimize costs the firm should use:
Case analysis: Societe Generale (A): The Jerome Kerviel Affair Knowing how to analyze a case will help you attack virtually any business problem. A case study helps you learn by immersing you in a real-world business issues—and makes you a decision-m..
Optimization with 2nd order conditions and identifying the properties of functions: 1. Solve the following optimization problems Check 2nd order conditions to confirm that your solution is a maximum. Check if the objective function is concave, convex..
Illustrate what price do you think this firm should charge if it wants to maximize its short-run profit.
(Assume a two good world) Explain why it is that we allow for individuals to have different preferences, but make the claim that when acting rationally, all individuals will choose a consumption bundle where they have the same marginal rate of substi..
One paragraph on Business Trade in Colombia - Free Trade agreement with the US that was recently signed.
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