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Consider an open economy with flexible exchange rates. Suppose output is at the natural level, but there is a trade deficit. What is the appropriate fiscal and monetary policy mix?
If the State University basketball team continues to do very well in future years, what is likely to happen to the price elasticity of supply of tickets to its games? Briefly explain.
What does Gunder Frank provide as evidence of a Sino-centric world between 1500 and 1800 What was meant be the Columbian Exchange and how did this contribute to the Rise of the West
A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utility function: u(x1; x2) = min {2x1 + x2; x1 + 2x2}
An electric motor is 10HP. Motor A costs $800, and is 85% efficient. Motor B costs $1200 and is 90% efficient. Both motors will operate 1,500 hours at an energy rate of 0.07 per kilowatt hour. Both motors have a 15 year life span.
A Lathe was purchased on January 1, 2006 for $35,000 with an expected life of five years. The original salvage value was estimated to be $6,000 at the end of five years. MARR for this company is 8%.
What agreement will the mill and the farmer negotiate if the mill has the right to pollute? What if the farmer has the right to clean water?
Then plot the graph of the function and determine if it displays increasing, constant or decreasing marginal utility.
A contractor expects to have an annual taxable income of $400,000 from its regular business for the next 3 years. The contractor is considering buying a new piece of equipment that costs $115,000. The equipment falls into the MACRS seven year
Suppose a monopolist can purchase Labor at a price w = 27 and can purchase Capital at a price r = 3. The monopolist's production function is given by Q = L1/2K1/2. The demand facing the monopolist is given by P = 402 - 6Q.
The cost of shipping steel to the nearest buyer would be $20 per ton. In the meantime, a business next door just went bankrupt and the bank is offering a special deal where you can buy another 100 tons of steel for $180 per ton. Assume that the in..
In a global market, where U.S. firms compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?
What are their motives? Are they helping the community or trying to profit off of the community or both? Make a log for the six advertisements.
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