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Do you think the WTO is ‘soft’ on the environmental issue? What are the problems in using trade sanctions to implement Article XX of the WTO?
Suppose they decide to impose a 30 unit cap per firm. What would the total cost of the pollution cap be?
What is the time value of money and how can compound interest be used to calculate the present value of any future amount of money?
The market inverse demand function is P = 250 -4Q, and the firm's cost function is C(Q) = 20Q. Determine the firm's equilibrium price and corresponding profits.
Suppose that the substitution effect of an increase in the wage is always larger than the income effect. What should the government do with tax rate?
Explain the demand curves, the marginal revenue curves, the marginal cost curve and highlight equilibria, if possible, draw graphs to support your discussion.
Determine the supply function and inverse supply function for good X. Graph the inverse supply function.
Discuss what are the net exports of countries A, B, and C? Which country is running a trade deficit? A trade surplus?
What is Sunny Valley's market share if the relevant market is all types of berries? percent. Would the court rule Sunny Valley to be a monopolist in that market
Suppose you are told that last year the price of peanuts fell and the quantity. Using supply and demand analysis explain how these changes could have occurred.
Explain what happens in terms of supply and demand for (a) US dollar and for (b) Australian dollars?
If equilibrium real GDP was equal to its natural level before the change, briefly interpret what happens as a result. Define the multiplier effect.
Derive the demand function for Linda for both goods. Write down the inverse demand function for good 1 when p2 = 1 and m = 5.
What would be the actuarially fair price of the partial insurance policy now? Does the individual now prefer the full or the partial insurance policy?
The purpose of this report is for you to have an opportunity to learn first-hand information on benefits and drawbacks of conducting business globally.
Which of the following true about The US Acid Rain Program? (There could be more than one answers).
Define the economic concepts of opportunity cost, supply and demand, and marginal analysis.
Provide examples of types of care that would be considered quality.
Describe the business strategies used by multi-national companies. Choose one such company as an example.
The following video describes auctions as price discovery mechanisms.
Compare and contrast: the English and Dutch auctions; and the sealed bid first price auction and the Vickery Auction.
Interpret the results of the estimated regression model. What expenditure value will a male unemployed person make?
Given the data how would you measure the "effectiveness of transfers and taxes in reducing inequality".
What are the returns to scale of this production function? Find the short run cost function. Find the short run supply function.
If we treated discouraged workers as unemployed, what would the unemployment rate for that month be?