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T-Shirt Enterprises is selling in a purely competitive market. It is producing 3,000 units, selling them for $2 each. At this level of output, the average total cost is $2.50 and the average variable cost is $2.20. Based on these data, the firm should: A - shut down in the short run. B - decrease output to 2,500 units. C - ontinue to produce 3,000 units. D - increase output to 3,500 units.
In 2008, the per capita consumption of coffee in the United States was reported to be 4.2 kg, or 9.24 pounds. Assume that the per capita consumption of coffee in the United States is approxi- mately distributed as a normal random variable
Wholesalers of roses (the firms that supply your local flower shop with roses for Valentine's Day) buy and sell roses in containers that hold 120 stems. The table provides information about the wholesale market for roses in the United States.
Suppose if you were President of the United States and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading?
Using a diagram of the US labor market, show theeffect of the capital inflow on the average wage paid to USworkers. the demand curve will shift to theright and the wages for US workers will increase due to the inflowof capital.
Determine the role would technology play if there was a move to harmonization of accounting standards across countries? Explain your reasoning.
Assume that the country A has only three categories of traded goods and that A's imports and exports of the three goods are as follows:
1. What challenges did she face growing up 2. Why is she famous 3. What is her legacy in the modern world If you know any/all that would be great 3- what are her insecurities and imperfections 4- what was her personality like
What are five important reasons a common currency is important in a trade bloc? Will this happen soon among the US, Canada and Mexico? Why or why not?
A monopoly sells its good in the U.S. and Japanese markets. The American inverse demand function is pA=100-Qa, and the Japanese inverse demand function is p1=80-2QJ, where both prices, pA and pJ, are measured in dollars.
Suppose you are the owner of a small bank in a state that is planning allowing interstate banking. You do not like this because it will be possible for large money center banks in Washington,
For each situation, indicate whether you would favor an appreciation or depreciation of the Mexican Peso relative to the US Dollar. a. You own a hotel in Mexico that caters exclusively to American tourists. b. You run a tortilla factory in Mexico
What is Burger King's core competency? How does it relate to its chosen strategy and how would you explain how Burger King has decided to configure and coordinate its value chain? Which of Burger King's value chain activities create the most value ..
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