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What are the potential implications of globalization without consideration of cultural differences on ethical issues? Cite specific examples.
Elucidate causes for shifts in supply and demand for the chosen product. Explain how these shifts in supply and demand influence price, quantity and market equilibrium.
How many Argentine pesos would it cost given the new exchange rate you just calculated.
Point out which costs (sunk cost, incremental cost, fixed cost, variable cost, marginal cost, opportunity cost, out of pocket cost) are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.
Suppose that in the year 2010 the number of births is temporarily high. Explain how does this baby boom affect the price of babysitting services in 2015 and2025.
Which of the subsequent companies has recently been used by the federal government for monopoly practices
Assume that the market wage rate is $150 per day. Illustrate what rule should leadbelly follow to hire the profit-maximizing amount of labor.
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
Illustrate what are short- and long-term economic profits and costs associated with our current high federal government budget deficits.
The wage in Mexico is $5. The wage in the U.S. is $20. Provide current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
Notice it is assumed that Brian will spend at least 4 hours per week studying each of the 3 courses.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
Suppose a unit of quota rights allows the producer to sell a unit of output each year indefinitely into the future. Illustrate what increase in consumer prices will occur.
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