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Q1. Consider the information you have read this week on International trade and specifically regarding the domestic employment disagreement, supply your opinion on how U.S. jobs can be eliminated or increased by comparing and contrasting viewpoints. Support your responses with current creditable resources.

Q2. Here are two firms in the blastopheme industry. Demand curve for blastophemes is specified by p = 4,500 - 4q. Each firm has one manufacturing plant and each firm i has a cost function C(qi) = q2i, where qi is the output of firm i. The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits. Explain?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9157261

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