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if unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices remain unchanged, what effect should these factors by themselves have on export trade and why?
You learn that the demand curve facing a monopolist can be written as P = 100 - 5Q, and the monopolist's marginal costs are constant at MC = 60. There are no fixed costs. Write down the equation of the marginal revenue curve for this monopolist.
Illustrate what is the elasticity of demand for the product that is produced by the company.
Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U shaped long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Marginal costs are given by MC(q)=q+2 and market demand is given by Q..
A chartered bank offers a one-year loan at "3 points above prime." Prime is 4 per cent. then what is the nominal interest rate.
A firm hires four workers and rents 16 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land and labor,production would have been 335,000 bushels. Does it have constant, decreasing , or increasing returns to s..
Assume the construction of the $360M stadium is to be financed entirely with debt to be repaid over twenty years. The repayment burden is negilible in short run.
suppose that in a given period, 9% of the unemployed people will find jobs and 3% of employed people will lose their jobs. In the U.S, unemployment is at 8.1%, 1% of employed people will lose their job, and 19% of unemployed will find jobs.
A "product" is best described as: A) A purely physical entity. B) An image in the mind of the consumer. C) A need satisfying offering of a firm. D) An intangible service. 2._____ means a product's ability to satisfy a customer's needs or requirements..
Could a labor union or a minimum wage law efficiently help to increase wages, rise employment, or improve working situations in a company
To what extent would increased government involvement with regard to fuel efficiency affect the behavior of manufacturers? To what extent would increased government involvement with regard to safety affect the behavior of manufacturers? Does it seem ..
You are debating whether to reduce the risk by applying for the import license now and wait until it has been approved before committing yourself to purchasing the crude oil. The dilemma is that another petrochemical company may secure the deal be..
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
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