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People sometimes argue that imports should be limited by government policy. Suppose a government quota on the quantity of imports causes net exports to rise. Using the circular flow diagram as a guide, explain why total expenditures and national output may rise after the quota is imposed. Who is likely to benefit from the quota? Who will be hurt?
What happens to the price and the quantity bought and sold in the cocoa market if countries producing cocoa experience a drought and a new study is released demonstrating the health benefits of cocoa? Illustrate your answer with a demand and suppl..
Which of the following are included in this year's GDP?
The cash flow for four projects is described below of which you can invest in one project only. In all, an upfront investment is made in year 0. All projects are for five years and the MARR to be used in the evaluations is 10%.
Is there an existing free trade agreement?
Use your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable
I have a time series set of data of workers in motor vehicle industry from 1972-2001 as well as average weekly hours of workers in motor vehicle industry
Consider two duopolists whose cost functions are Ci = 10qi, i = 1, 2, where Ci and qi are their costs and outputs, respectively. The two duopolists have identical products and face a market demand function
estimate the effect on profit and return on sale
In Problem 5, suppose that in an inflationary period the price of the composite good increases to $1.50 per unit, but the price of Malted Milk Balls remains the same.
a. Solve for the amount imported, consumer surplus, and producer surplus. b. Suppose a per unit tariff of $10 is imposed by the government, solve for the consumer surplus, producer surplus, government revenue and total surplus with the tariff.
Construct Yolanda's total variable cost and total cost schedules. Calculate Yolanda's total fixed cost.
Consider an investment project with the following cash flows: n Porject A Project B 0 -$150,000 -$120,000 1 $30,000 $25,000 2 $25,000 $15,000 3 $120,000 $110,000 A) Compute the IRR for each investment B) At MARR= 15% determine the acceptability of ..
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