(8 points) Portland and Aleland are two identical countries. Beer manufacturers in each country compete under monopolistic competition. a. Suppose the two countries engage in trade. Describe the impact of free trade on consumers in Portland. b. How does trade affect the productivity of surviving domestic producers in Portland
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Business, 21.06.2019 19:10
Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.
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Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
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Business, 23.06.2019 00:30
You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?
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Business, 23.06.2019 07:50
Suppose for a consumer the marginal utility (mu) of bread is 20 utils and the mu of milk is 10 utils; the price of bread is $3 and the price of milk is $1. given this, a. more utility per dollar is gained from consuming bread than milk. b. more utility per dollar is gained from consuming milk than bread. c. the same amount of utility per dollar is gained from consuming milk as bread. d. the consumer is in consumer equilibrium.
Answers: 1
(8 points) Portland and Aleland are two identical countries. Beer manufacturers in each country comp...
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