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Which has the dimensions of local currency per unit of foreign currency, is in units of euros per dollar.
1. The double-subscripted notation for the objective function for transportation costs (Town B): 3x11+ 2x12 + 7x13 + 6x14
What is the domestic market price of sugar? Suppose an import quota of 5,000 is imposed in the domestic market.
Select an article in a newspaper or magazine that discusses a US government policy on goods or services. Analyze the situation:
Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses?
The U.S. cigarette industry has negotiated with Congress and government agencies to settle liability claims against it.
What did the central banks do to stabilize the financial systems in 2007-2009?
What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market?
The president of your company, Mr. daily, has asked you to prepare a report explaining the various forms of market structure.
How will consumers behave to maximize their utility? What is the average income in each location?
Suppose the governement imposes a price ceiling P(ceiling) of $2 per million BTUs. Determine the total shortage associated with the price ceiling.
Describe how each of the 4 factors contributed to the elasticity of the good.
Give a real-world example of how government intervention in the free market affects the demand for or supply of a product or service
Consider the following demand schedule (given below). Does it apply to a perfectly competitive firm? Compute marginal and average revenue.
Use the AD/AS model to describe what will happen in the short run and long run to the world real GDP and the price level.
Explain the various terms in the AD curve. What is the value of the simple multiplier?
Compute the level of the equilibrium national income for each of the values of P.
Discuss the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples?
A monopoly´s profits are not necessarily bad, but its reduction in output is. Evaluate this statement.
A) What is the profit maximizing output for Q B) Calculate the firms profit or loss, should firm shut down if loss?
Compare and contrast the way Keynes and Friedman approach the economy. What are the key differences and similarities?
How is the focus on training and development in the United States different than in other countries?
Define corporate culture. Explain why corporate culture is a major internal environment factor.
Why has the issue of corporate governance received such a high profile in recent years? Suggest how such governance might be improved.
Can you explain how the case study might provide some support for an upward sloping demand curve for higher education?