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Q1. Using demand also supply model, converse or predict the effect of each of the subsequent on the marketplace for cigarettes:
a) A cure for lung cancer is found.
b) The price of cigars increases.
c) Wages increase substantially in states that grow tobacco.
d) A fertilizer that increases the yield every acre of tobacco is discovered.
Q2. Assuming you have to recommend your home company to do business in Qatar also the Gulf region, Elucidate how would you argue your case, both in terms of opportunities also necessary local adaptations to successfully enter the region or further develop your presence?
If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
Elucidate how would this increase in confidence affect the value of the dollar. Elucidate how would it affect the trade deficit.
Which resource of production is the only one which nations can significantly increase in the short term.
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.
Each bundle that the consumer chooses, draw the indifference curve that goes through that bundle.
Illustrate what are the factors that determine the demand for and provide of money.
At what level of output are total profit maximized. Illustrate what price will be charged.
Either design will serve equally well and will involve the same material and manufacturing costs excluding the lathe as well as drilling operations.
The muffler on your car suddenly needs repair, also there are only two automobile repair shops in town.
Illustrate what will happen to the price of bonds also to money holding if the Fed changes the interest rate as a result of a decrease in the money supply.
Elucidate how much profit does an individual producer make in a month. Is this a long-run equilibrium.
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