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Just two questions.Assume that Home and foreign produce 2 goods, high-definition tvs and kiwi fruit. Use the following information to answer the following questions
a) The foreign country is endowed with 10 workers and has the following marginal productsMPL*TV=2, MPL*K=4. Assume the relative price of TVs under free trade is PTV/PK=3. How many TVs and bushels of kiwi fruit will the Home country produce?
b) Which good does home export? What quantity does it export?
Consider a scenario where a college conference (such as the SEC, Big Ten, Big 12, etc.) negotiates the television broadcast rights for all of its teams' games. a. What would be the impact on the number of games televised.
consider the indirect utility functionvp1 p2 m m p1 p2a. derive the marshallian demand functions.b. what is the
Advance Analysis Assume that the consumption schedule for a private open economy is such that consumption C=50+0.8 Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP
What is the effect of a quota of 13 thousand gallons of water per month on the opportunity set of the consumer in Solved Problem 4.3?
Using the method described in Section 6.2, calculate the change in Albert's consumer surplus.
What is the marginal revenue of the 101st pound of heirloom tomatoes?
A new machine is to be purchased for $150,000. The company believes it will generate $60,000 annually in revenue due to the purchase of this machine. The company will have to train an operator to run this machine
If the newer equipment is purchased, it will have end-of-year O&M costs of $8,000 and a salvage value of $20,000 at that time. If the old equipment is retained, it will have to be supplemented in years 3, 4, and 5 by leasing a hi-def add-on unit c..
Suppose that, as a result of monetary policy actions, the Federal Reserve sells 80 bonds that it holds. A. How does the Federal Reserve policy affect the bond supply equation? B. Calculate the effect on the equilibrium interest rate in this market, ..
With a world population in 2003 of 6.314 billion and a projected population growth rate of 1.1% instead (which is the United Nations' projection for the period 2003 to 2015). Compute the doubling time. State the year in which the world's population..
In a Good job, a qualified worker produces 100 units and an unqualified worker produces 0. There is enough demand for workers for each type of job; companies must pay what they expect the appointee to produce.
A good stock-based mutual fund should earn at least 10% per year over a long period of time. Consider the case of Barney and Lynn, who were overheard gloating (for all to hear) about how well they had done with their mutual fund investment.
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