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Optimal method for procuring
Discuss the Optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. what are the primary advantages and disadvantages of acquiring inputs through this means? Give an example that uses this method of procurement.
Trade off liberalization conflict with morally-conscious environmental policies. While it is true that economic growth is necessary for general welfare
Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Illustrate what is the price elasticity of demand. From the price elasticity elucidate the new rates be for 2009 if the demand increases at the same rate.
A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. What is the monopolist profit maximizing price and quantity? What is the profit?
Prove that a risk-averse von Neumann-Morgenstern perticular will over-insure, fully-insure, or under-insure according as the insurance is available
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
Japan has traditionally had an employment system characterized by a "lifetime" employment relationship between employer and employee and salaries that are based on length of service with the employer-starting low
Illustrate what fiscal policies are needed to fight unemployment
Assume total benefits also total costs are given. Elucidate level of Y will yield the maximum net benefits.
Compute the marginal cost in the given case. Illustrate what is the marginal cost with 8 workers to two decimal places.
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