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In what sense is Apple or Google a "US company"? Should companies have special loyalty to the countries in which they are incorporated? Why, or why not?
Macroeconomics, Economics
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Question: Franchise arrangements involve a number of highly specific investments on the parts of both the parent company (e.g., McDonald's or Hilton Hotels) and the franchisee (the owner of a particular McDonald's or Hil ...
Question: The United States of America's national minimum wage is currently at $7.25 per hour for most occupations in the private sector. Over the past several years, support for an increase in the minimum wage has come ...
Question: The Competitive nature of the market influences labor markets outcomes. Explain and show graphically why a firm with monopoly power hires less labor than a firm hiring labor is a competitive market. Explain and ...
Question: Assume that a firm has a monopoly. Its demand curve is given by the equation P = 60 - Q. It produces its output subject to the following short-run cost equation: C = Q 2 + 20. a. Draw a graph of the monopolist' ...
Question: Suppose the utility function for a consumer is given by U = min{X, 3Y}. A) Sketch 3 indifference curves for this consumer B) Given the utility function and the associated ICs, what type of goods are X and Y? Th ...
Question - Suppose the demand curve for a product is given by Q = 19 - 1P + 2Ps Where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is $2.40. Suppose P = 0.60. W ...
Question - Suppose that a consumer can earn a higher wage rate for working overtime. That is, for the first q hours the consumer works, he or she receives a real wage rate of w1, and for hours worked more than q he or sh ...
Question - Suppose that die number of garden benches produced by 0, 1, 2, 3, and 4 workers is 0, 39, 78, 99, and 108. Calculate the marginal and average products of labor that would have resulted. Check that the relation ...
Question: PepsiCo produces both a cola and a major brand of potato chips. Coca-Cola produces only drinks. When might it make sense for PepsiCo to divest its potato chip operations? For Coca-Cola to begin manufacturing sn ...
Question - You are in your first semester at college and deciding to spend your income between textbooks and food. You have $360 for the month. Textbooks are priced at $20 and food is priced at $10. Your parents decide t ...
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