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Q1. Explicate four of problems with the argument which trade protection is needed to protect American jobs.
Q2. Empirical studies indicate which the LAC curve is L-shaped. Illustrate what does this mean for the survival of small firms in the industry?
Q3. A monopoly has the cost function TC=1/3Q^3-5Q^2+23Q+25, where TC is the total cost and Q is the output. Illustrate what is the profit-maximizing level of output, if the market demand is given as Q=-2p+90?
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
Illustrate now have to lend out how much does this bank if it decides to hold only required reserves.
Despite being globally branded, Unilever still tweaked the Dove campaign from country to country. Elucidate why did it do this. What does this tell you about national differences in consumer behavior.
Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.
If Professor P chooses x and s to maximize her utility subject to the constraint that Mr. A is willing to work.
Depict the von Neumann-Morgenstern utility index u in a diagram
What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union.
The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise.
What can you determine about consumer demand for your product from this information.
What services do you predict Bangalore India exports and what services do you predict it imports.
Suppose that investment decline by 40 units to a level of 60. What will be the new level of equilibrium income.
For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30.
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