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Please review appropriate sources (journal articles or news articles are acceptable, but academic articles would be best) via our e-Library regarding the NAFTA side agreements for labor and environmental standards. Do you believe that these side agreements are necessary, appropriate, and/or effective? What are the pros and cons of these agreements? Explain.
The minimum feasible long-run average cost for firms in a perfectly cempetitive industry is $58 per unit. IF every firm in the industry currently is producing an output consistent with a long-run equilibrium, calculate the marginal cost incurred by e..
Suppose that your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state income taxes and federal income taxes. How different would this calculation look for a worker who earned $500,000 and ..
A state highway department is trying to decide whether it should “hot-patch” a short section of an existing county road or resurface it. If the hot-patch method is used, approximately 300 cubic meters of material would be required at a cost of $700 p..
Discuss the effects of the change on the value of the currency and the country's balance of payments, using historical and current circumstances.
Is the equilibrium price higher or lower, or is the change indeterminate. Is the equilibrium quantity higher or lower, or is the change indeterminate.
Suppose you are offered a job at $50,000 per year in atlanta where the cost of living index is 217.210. A second job in San Francisco promises to pay you the same real income (purchasing power) as the Atlanta offer. What nominal salary must be offere..
Kevin Farley, an auditor with Koews CPAs, is performing a review of Knight Company’s Inventory account. Knight did not have a good year, and top management is under pressure to boost reported income. What is the ending-inventory as reported?
How do you determine how a consumer divides their resources between two goods? According to the theory of consumer choice how do you evaluate how you decide whether to save or spend money or even if you might have to work more in order to pay for ite..
A firm whose price is below its average cost:
A financial panic causes a shift in demand from a situation where there was no discount lending to a situation where there is. Show this on a graph of the supply and demand for reserves.
Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves.
Andy’s monthly demand (in number of bars) for “Clif Builder’s” protein bars is given by Q = 8 – 2P + (I – T)/1000, where I is Andy's monthly income, T is his monthly income tax expense and P is the price of Clif bars. Suppose the price of Clif bars i..
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