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Sugar Import Ban. Suppose that initially there are no controls on sugar imported into the United States, so the price paid in the United States equals the prevailing world price.
a. If the world price is 13 cents per pound, what areas of the world supply sugar to the world market and the United States?
b. Suppose the United States bans sugar imports. The new price of sugar will be at least $_________.
What happens to the value of dollars in the market for foreign currency exchange?
the market for hamburger flippersprice of labour per hour nbsp quantity of hours demanded nbspnbsp
A sample of 44 observations is selected from one population with a population standard deviation of 3.8. The sample mean is 101.0. A sample of 56 observations is selected from a second population with a population standard deviation of 4.0.
whether she is better off or worse off than she was in Year 1
Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. If he rejects the offer, he receives an unemployment benef..
Jane starts working on her 25th birthday with an annual saary of $55,000. She sets aside 5% of her salary at the end of each year for her pension plan, whch is matched by her employer.
Over the past 6 months Heads-Up Hair Care, Inc., has normally had sales of 500 bottles of A-6 Hair Conditioner per week. On the weeks when Heads-Up ran sales on its B-8 Hair Conditioner, cutting the price of B-8 from $10 to $8
Using a spreadsheet program or a calculator, solve Tracy's problem of how often to go to the ATM when the norminal interest rate on her bank account is 10%, she spends $30 each day, it costs her $0.50 each time she uses the ATM.
At what salary would it make sense for this firm to hire an incompetent manager?
a. Determine the profit maximizing level of output. b. Compute the profit maximizing price. c. Calculate the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output
Desmond is attending university as a full time student this year. Desmond therefore had to give up his full time job in which he earned $25,000 per year. He also had to move away from his parents' home where he was paying $5,000 per year
Suppose that, in addition to a higher price, the government imposes a ration on George that limits his purchase of gasoline to less than some amount within his affordable set. Draw the new effective budget constraint.
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