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Your text, on page 629, lists three arguments for trade restrictions. Since economists do not favor trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for these three items. Are there any arguments for trade restrictions that most economists would support? Discuss.
Explain how does trade affect the production possibilities frontier. Illustrate what other factors can expand the production possibilites frontier.
When the Federal Reserve utilizes open-marketplace operations to raise the Federal funds rate several times over a yr.
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 11 wild boars. John grew 200 bunches of bananas. In the two-person economy that George and John set up, fish sell for 2 clamshells each, boars sell..
3. assume a monopolist who sells a product with a total cost function c -100q 15q2. the market demand is given by the
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
q.what are your predictions for the economy of thrifty peg based on the following policy scenario1. suppose the
q.johnny works for the great big cookie company gbc which buys labor at a wage of 1 an hour and uses it to produce
Does aggregate accounting enable us to measure also analyze how much a nation is producing also consuming.
Cournot (quantity) and Stackelberg (sequential) Two identical firms, Firm 1 and Firm 2, compete in quantity in a market where inverse demand is P(Q) = 100 − Q and there exists a constant marginal cost of 20 per unit. Find the quantities ˆq1 and ˆq2 c..
Suppose David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u x y x y ( , ) ln 2ln = + (MUx=1/x, MUy=2/y).
What institutions explain why workers in some countries have more capital than workers in other countries?
In any event, the difference between what is wanted and what is obtained can cause issues. In marketing implementation, we term these "intended" versus "realized" marketing strategy. When these two items are very close to one another, the implementat..
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