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A chemical company wants to estimate the demand for sulfur next year. One use of sulfur is in manufacturing sulfuric acid. Another use of sulfur is in polishing new cars. General Motors (which produces new cars and therefore needs sulfur to polish them with) is a customer of this chemical company. How could the chemical company determine how GM's new-car production next year might affect its sulfur sales?
An unusually cold January in Florida destroyed entire fields of tomatoes. Florida’s growers are shipping only a quarter of their usual 5 million pounds a week. The price has risen from $6.50 for a 25-pound box a year ago to $30 now. - Source: USA Tod..
In a two-period life cycle model, the equilibrium condition is that the marginal rate of substitution of future consumption for current consumption equals one plus the interest rate. Explain what would happen if the MRS exceeds one plus the interest ..
Which of the following is not an explanation for stagflation? Stabilization policies and FED intervention created an inflationary bias over time, which required higer rates of unemploymentto retsrain inflation.
A market with barriers to entry may not be characterized by production at the minimum ecient scale in the long run. The Diamond-Mortensen-Pissarides model successfully explains the phenomenon of unemployment, while competitive market models ( earlier..
Develop a strategy for the client to convert passive income into active income deferring immediate U.S. taxation until repatriated home based on your research. Provide support for your recommendation.
Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. How are the efficiency and equity effects of introducing a voucher system likely to differ across these two areas? Relate yo..
During the previous month, a firm produced 250 tablet devices at an average variable cost of $40 and at an average fixed cost of $10. What were the firm's total costs during the month?
Clara's utility function is U(X,Y) = (X + 2)(Y +1). Write an equation for Clara's indifference curve that goes through the point (X,Y) = (2, 8). Suppose that the price of each good is one and that Clara has an income of 11. Write an equation that des..
Briefly characterize the classical orientation of The Structural Stagnation Thesis (from Martin Wolf, Chapters 5, 6 or the Structural Stagnation Policy Dilemma chapter 28-R1 referenced in Final Exam Study Folder).
Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the aggregate supply curve, or both. Divided into short-run and long-run measures, which diffe..
Ives LeFancy and Donna Gabbana are two top fashion designers who own stores on Trendy St. Each has to decide whether to present their ‘ready-to-wear’ collection at the Los Angeles Fashion Week (L.A.) or at the New York Fashion Week (N. Y.) (they can ..
Roshima is researching universities where she could study for her MBA degree. She is considering 3 major attributes that she considers
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