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Nettie can produce either 8 cupcakes or 4 hamburgers. Becky can produce either 4 cupcakes or 8 hamburgers. Suppose that Nettie and Becky each specialize in the production of the good for which they have a comparative advantage and decide to trade. The terms of trade are 1 cupcake for 1 hamburger. After trade, how many hamburgers will Nettie consume if Becky consumes 4 hamburgers? How many cupcakes will Becky consume if Nettie consumes 4 cupcakes?
How would the answer to the problem change? What will happen to the student price under price discrimination if the demand of other adults increases to= 1,800 - 100P? Why?
A firm has the following short-run production function
Put together data on the U.S. real interest rate for 1970-1976, a period that includes the ?rst OPEC oil shock. How did the U.S. real interest rate behave?
In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: ?
Explain how bank losses from mortgage backed securities could lead to an investment bank becoming insolvent and going bankrupt. Your explanation should use a somewhat realistic T-Account
How ca one examine the growth in the various agricultural sub sectors of the Nigerian economy between 1981-20013 and what are the factors affecting domestic agricultural production in Nigeria?
Use the Bureau of Labor Statistics "Consumer Price Index History Table" (http://www.bls.gov/cpi/tables.htm) to answer the following questions. Note: There are many tables that the BLS occasionally rearranges. You need the annual percent change..
Consider an economic model designed to analyze the purchasing decisions of households. An assumption that a household chooses between only two goods would be an example of a
Germany consumers have $50 in income "their gross domestice product". They spend $35 on consumer goods "$25 on Germany goods and $10 on imports", they save $8, and pay $7 in taxes. The government collects $7 in taxes and spends $10 on locally-made..
What is Russias stand in climate change? What are the biggest problems enviromentally?
1. Consider the audio system in a car. Some people like to hear a lot of bass. Give an equation, in your preference of time or frequency domain, for a bass boost.
Assume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents.
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