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Write down the equation for demand function when M = 30,000 and PR = $50
Find out what changes, if any, in the relative proportions of labour and capital required to be made to operate efficiently. Describe your answer well.
A large textile manufacturer situated in South Carolina had to exit the industry since it could no longer compete with firms from overseas.
The cost of your travel on trip will be $3,000, film and videotape will cost you $200, and your food will cost $1,400. What is opportunity cost of taking this trip?
Investigate how a firm determines the optimal scale of the plant for a given rate of output and why this determination communicates to longer-run strategies versus current operations.
What fraction of incidence falls on consumers? On firms? Assume the supply elasticity is 0.6. What should the demand elasticity be?
In the firm, markets rarely find out individual's compensation. Instead it is determined by the variety of other means. If you were to devise the compensation policy for architectural firm.
Critically discuss why interest rates are pro-cyclical, by using the supply and demand for bonds framework.
Suppose you’re the plant manager for Bravo Pork Rinds, which manufactures pork products in a market which approximates perfect competition.
The government had been concerned regarding the recent explosion in apartment rental rates for low income families to combat this problem.
Calculate the elasticity’s for each independent variable. Note: Write all of your computations.
Assume demand raises to Qd = 200-15P. What is the equilibrium price and quantity?
What is the arc cross elasticity of the demand between Stopdecay’s toothbrush and Decayfighter’s toothbrush? What does this indicate about the relation-ship between the two products?
The inverse market demand curve for the good is p = 100 − 0.25Q. The inverse market supply curve for good is p = 20 + 0.55Q. Compute the equilibrium price and quantity, producer surplus, and c
Make both demand and supply curves, and clearly label the equilibrium and numerical values for equilibrium price and quantity.
Based upon the data provided, make a report in Microsoft Word describing the trade balance between China and U.S. for the most topical five year period.
Assume that the manager of the firm operating in a perfectly competitive market has estimated the average variable cost function to be:
What occurred to the Leontief paradox when human capital embodied in the U.S. exports was accounted for as a separate factor of the production?
The Uruguay Round of GATT began a procedure of phasing out the employ of voluntary export restraints. Why did they come in widespread employ in the 1980’s?
What is the opportunity cost of using the unemployed portion of building for video game rentals?
What is the differentiation between GDP deflator and Consumer Price Index? Discuss how higher savings leads to the higher standard of living.
Compute the current account surplus and GNP. If coal manufacturer is instead owned by foreigners, what is GNP?
Why do you think the responsibility of the unions in US has declined over the years? In brief discuss.
Imagine that the cost of the living raises, thereby decreasing the purchasing power of your income. If your money wage doesn’t rise, you might work more hours due to this cost-of-living raise.
Demand function for bicycles in Holland has been estimated to be Q = 2,000 + 15 Y − 5.5 P where the Y is income in thousands of Euros, Q is the quantity demanded in units, and P is price per u