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You are debating whether to reduce the risk by applying for the import license now and wait until it has been approved before committing yourself to purchasing the crude oil. The dilemma is that another petrochemical company may secure the deal before you do. You estimate that there is a 70% chance that another company will have taken the offer if you wait for the import license to be approved.Question: Should you wait for the import license to be approved before purchasing the crude?
Assuming that a production process uses the best available technology, it is said to be technically efficient and the production function will then indicate the maximum physical output. What use can you personally make from this relationship
Assume that, from an initial consumer equilibrium position, price of good X falls while the price of good Y remains the same.
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Discuss some of the damaging effects deflation has on an economy and what would be a monetary policy prescription to decrease or eliminate deflation?
If the needs return on the stock is 13 percent, what is the present share price.
Assume a country has a population of 61 million, of which 37 million are in the working age population. Of those, eleven million are not in the labor force and 23 million are employed. Determine the labor force participation rate.
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.
You are employed as a business consultant to a Senator. She heard the association in unemployment rate and economic growth, and asks you to find the relationship so that she could propose a policy to decrease the unemployment rate.
What output level does the paint company choose? 2. What is the socially optimal level of output? 3. Describe a possible Coasian solution to the externality problem. 4. What corrective tax could the government set to achieve the socially optimal leve..
Illustrate what is the impact of shifts of the aggregate demand curve on potential output. Illustrate your answers with a diagram.
Beasley World Industries has a division that makes air conditioners. They face a three-year deadline to eliminate their current technology due to the chilling technique they use. There is a near-term solution that may be done (1) and a longer-te..
Solve for the elasticity of demand as a function of the market price. Draw this function for P [1/3, 2/3]. Suppose a (small) sales tax is imposed on potatoes. Would the burden of the tax fall mostly on consumers, mostly on producers, approximate..
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