+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
All of the following are assumptions of the theory of comparative advantage, except
A. Assumes no transportation costs
B. Assumes constant returns to scale
C. Assumes diminishing returns to specialization.
Microeconomics, Economics
Question: Imagine that the government reworks the welfare policy that was affecting Jonathan in question 1, so that for each dollar someone like Jonathan earns at work, his government benefits diminish by only 30 cents. ...
Question: Consider an economy that only produces hamburger patties (H) and onions (O). There are two consumers Ron and Dave. Ron likes to consume his hamburger patties and onions in a 1:1 ratio, while Dave likes two onio ...
Question: Suppose the state of Iowa passes a law that increases the price of cigarettes by $1 per pack. As a result, residents in Iowa start purchasing their cigarettes in surrounding states. Which of the following princ ...
Question: 1. According to the Bird and Borio readings, global economic imbalances arise over time and are often the usually the result of financial or structural economic imbalances that manifest in external imbalances. ...
Question: Investing in Human capital is an individual decision. A. List and explain three factors the lead to individual differences in human capital investment. B. Explain why workers bear general training costs. C. Exp ...
Question: You are the manager of a variable hospital department, and you just received your monthly budget results. Write a brief description answering the following questions: 1. How will you address the short fall if a ...
Question: Apple Computer wants to have $2.1 billion available 5 years from now in order to finance initial production of a device that applies IOT technology for home use. The company expects to set aside uniformly incre ...
Question: An electricity producer owns two plants (fixed in size) but can burn different amounts of fuel in each of them to produce electricity. It must produce a certain amount of electricity or the area will be blacked ...
Question: Read the following letter from a magazine publisher: Dear Parent: Currently your Growing Child/Growing Parent subscription will expire with your 24-month issue. To renew on an annual basis until your child reac ...
Question: 1. Develop plan to overcome barriers. Your plan should be clear and specific. Another person should be able to read your plan and replicate it. 2. Discuss with colleagues. 3. Describe the anticipated barriers t ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As