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1) How do tariffs work? Illustrate by referring to U.S. lumber imports from Canada, suing any set of quantities and prices to make your point.
2) Public housing and public protection are two of many goods that government provides. One is considered a public good, the other a merit good. Which is which and why?
Would you prefer the lower goal or the higher payment? d.Instead of lowering the goal, suppose the compensation from failing to meet the goal was increased by $2,500. Would you prefer the lower goal or the higher payment?
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w , where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
If it cost Wardco $10million to treat the water and the value of mined products to customers is $8million, requiring water treatment would kill the project. Should Wardco be required to treat the water in this case?
What analysis might a manager do to learn more about a specific company or industry? Please provide at least three examples. What role does trade have pertinent to how an organization plans strategically?
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods: A senator from a state with several steel-rod factories explains that it is necessary to impose trade restrictions, such as a tariff, on..
Illustrate what is the net current value of a project that requires a $100 investment today and returns $50 at the end of the first year and $80 at the end of the second year? Assume a discount rate of 10%.
Describe the difference between Economic contraction and Economic expansion
Suppose a widget manufacturer has an infinitely substitute production function, q=3L+2K, given that MPL= 3, MPK= 2. If both the wage rate and rental rate are $10. What is the cost-minimizing combination of L and K to produce 60 units of output. How m..
what combination of monetary and fiscal policy should they choose? Use a graph, and be sure to identify the effects of each policy.
Although the web has brought many changes to the delivery of customer service some are good changes but not all are. What are the advantages and disadvantages of a web based customer service approach?
Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.
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