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Which countries appear to have benefited the most from international trade during the last few decades? What policies do these countries seem to have in common? Does their experience lend support for the infant industry argument or help to argue against it?3
Stan Moneymaker needs 15 gallons of gasoline to top off his automobiles's gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, stan can save $0.10 per gallon on the price of gasoline. Suppose gasoline..
You are looking at the hat market. Hats sell for $15 each, and the variable cost of producing hats is Cv(H)=.25*H^2, with marginal cost MC(H)=.5*H. What is the highest fixed cost you would be willing to pay and still enter the market
How does the answer depend on the model of trade?
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. What is the marginal c..
A spike in the unemployment rate-the biggest in more than 2 decades-raised new concerns Friday that a weak labor outlook, high oil prices and continuing woes in the housing & credit markets are leading the US economy in to a painful recession.
If the United States had its way, it would demand that Japan spend more money on basic research in science and less on applied research into industrial applications. Explain why in terms of the analysis of appropriability.
The only video rental club available to you charges $4 per movie per day. If your demand curve for movie rentals is given by P=20-2Q, where P is the rental price ($/day) and Q is the quantity demanded (movies per year)
Illustrate that the previous manager, who was charging the monopoly price per beer, was not maximizing profits as accused by the owner. That is, find an alternate pricing scheme that results in more profits per customer than the monopoly scenario.
Assume that the following equations characterize a large open economy: (1) Y = 5,000 (2) Y = C + I + G + NX (3) C = 1/2(Y - T) (4) I = 2,000 - 100r (5) NX = 500 - 500e (6) CF = -100r (7) CF = NX (8) G = 1,500 (9) T = 1,000where NX is net exports, CF ..
Income is currently 600,000 unemployment is 5 percent, and there are signs of coming inflation. You rely on ur research assistant for specific numbers. He tells you that potential income is 564,000 and the mpe is .5. a)The government wants to elim..
two individuals chip and holly are stranded on an island. the island has plenty of vegetation. chip and holly can spend
Find the BLUE estimator of µ in the case where it is known that Y1 and Y2 have the same variance (are homoskedastic), say σ2Y . Show that it is, in fact, BLUE. Report the variance of this estimator.
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