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In a world where transportation costs are immaterial (close to zero), where trade barriers are very low or do not exist, and where differences between nations as regards to labor and other conditions are real, firms must expand internationally if they are to survive. Discuss.
My sister is debating pursuing an LPN degree which requires 2 years of college (Ivy Tech costs $6000/year) and typically pays $28000/year or an RN Associates degree which requires 3 years of college and typically pays $35000/year. Begin by considerin..
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 12,000 -5Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 3,000QL and CF (QF) = 6,000QF.. Determine the equilibrium output level for both the le..
Write each production function given below in terms of output per person y ≡ Y/L and capital per person k ≡ K/L. Plot these per person versions in a graph with y on the vertical axis and k on the horizontal axis. (You can assume A is a constant posit..
The governor is attacking the new traffic rules. His views are wrong because he was given a speeding ticket last week.
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated. At another restaurant that takes reservations, there ..
Describe the components and configuration of a typical home network.
Your family recently began operating a car wash at a beach resort. There are many other car washes at this beach resort. You have observed that the customers care only about finding the cheapest price for car washes; they do not care which company th..
Demand for fictitious good is Q=1200 - 2p. Suppose supply is Q= -600 + 2p. What price will sellers receive after the tax is levied? What price will consumers pay after the tax is levied? What percent will be paid by the suppliers?
Plot Vanessa's budget line by clicking on the two endpoints. The data-plotting tool will automatically connect the points with a line.
John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3. Alternative 2: he can spe..
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