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As a whole, nations are better off after trade and specialization because ________.
a. nations can consume along their consumption possibilities curve, which is outside of their production possibilities curve
b. nations can consume along their consumption possibilities curve, which is inside of their production possibilities curve
c. nations can consume along their production possibilities curve, which is outside of their comsumption possiblities curve
d. nations experience an inward shift of their production possibilities curve
Consider a firm with the production function, q = (K^(0.5) + L^(0.5))^2. In the short-run, the level of capital is fixed. Determine the equations for MPL and APL. Solve for the short-run cost function (i.e. total costs as a function of output) Solve ..
discuss whether you agree or disagree with Chairman Bernanke's remarks on economic outlook and the role of the Fed' s monetary policy effectiveness by using unconventional policy.
Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.5 million for a plastic injection molding machine (which can be sold for a $2 million) and$100,000 in plastic injection molds specifically for t..
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
What resources are combined by firms to produce goods and resources?
A Problem Solving Approach: Strategic Game Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, ordown-stream customers), or between internal divisions within your f..
You won $25 million in a state lottery that promises to pay $1 million (tax free) in the next 25 years. a) Have you won $20 million? b) What is the present value of this stream of fixed payments (assume that the annual interest rate is 6%? (Note you ..
Would you advocate monetary restraint or stimulus for today's economy
Research funding sources. Leave no stone unturned, from micro financing and its details to grants for woman-owned businesses. Post links, make recommendations—let’s all work to gather funding sources!
What is the best practices frontier? How does this relate to competitive advantage? Explain why rent seeking competition tends to dissipate rents-to drive them down so that there are no abnormal rents?
Which of the following is one of the differences between the Articles of Confederation and the new Constitution created during the Constitutional Convention in 1787?
The short-run equilibrium for a profit maximizing monopolistically competitive firm is at price = $29, average total cost = $22. The firm's marginal cost is $18. Which of the following is true? Similarily, a neighborhood convenience store is generall..
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