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Assume that the market for sriracha sauce can be represented by the following supply and demand equations:
P=Qs/10
P=10-QD/10
The production of each bottle of sriracha sauce creates an external cost of $3 so that the Marginal Social Cost of sriracha production is given by
P=3 + Qs/10
Find the socially optimal output in this market.
What do researchers have to say about the relation between a firm’s productivity and exposure to global competition? Provide 2 real- world examples in which international trade lead to increases in productivity for a firm or industry.
Choco Goodness is a firm that produces chocolate candy bars. Which is NOT a short run variable input for this firm? A) Sugar B) Assembly line workers C) The big chocolate-stirring machines D) Packaging materials
Intially Starbucks expanded internationally by licensing its format to foreign operators. Why it soon be came disenchanted with strategy.
When an economy is at full employment, the Production Possibilities Frontier illustrates which Principle of Economics: A. Prices rise when the government prints too much money. B. Trade can make everyone better off. C. People respond to incentives. D..
Some long term projections show US GDP growth of 2.5% per annum, which is below the historical trend of 3.25%. Based on the long run growth equation what three policy initiatives would you recommend that the US government undertake that would have be..
q. the st. louis federal reserve bank provides data on both real gdp chained 1996 dollars and real gdp for the united
Hamlet will trade two pizzas for one six-pack for beer and be equally happy. At the same time, Ophelia will gladly exchange two of her six-packs for six pizzas. Is the allocation of beer and pizza Pareto efficient? Illustrate using an, Edge worth Box..
Calculate the year in which income every capita in the United States was equal to year 2010 income every capita in India.
In choosing between two products, a rational consumer will choose the product that gives her the:
If real GDP in 2004 using 2003 prices is higher than nominal GDP of 2004, then
Using graphical analysis for demand and supply, please show in two graphs how an improvement in the technology (such as using artificial intelligence programs for diagnosis/interpretations) would affect the healthcare market, an increase in mergers a..
Greece has a GDP of some 200 billion euros, with exports of about 40 billion euros and imports of about 50 billion euros. Assume net unilateral transfers are zero, and the statistical discrepancy in the balance of payments is zero. What is Greece’s..
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