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You are the CEO of a Saudi Arabian company that is seeking to expand to foreign markets and establish itself as a global powerhouse. You are aware that there a number of strategies available to you, but how do you choose? Explain and describe one type of business that might be most succ...
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You are requested to construct a model to predict the effect on the economy of the discovery of new oil reserves. How would you model the discovery? Discuss the number of goods that should be included in the model.   ...
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  You are on the TV game show Let’s Make a Deal, hosted by Wayne Brady. You have utility ofwealth U(W) = √W. a. Wayne Brady presents you with a curtain and says it may contain a prize valued at $4,000 or a zonk, which has no value. Both outcomes are equally likely. He asks if ...
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  You are in equilibrium on your indifference map with respect to X and Y. Your income does not change, but the price of X falls. You move to a new point of equilibrium on the indifference map. Show: Where you end up if both X and Y are normal goods. Where you end up if X is normal and Y...
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  You are estimating the costs to emplace water pump units in remote villages in a third world country, to decrease the distance people have to travel during the dry season to get water. Each village will require a 20 HP unit that will last 4 years. The number of operating hours per year dep...
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You are considering investing $15,000 for a new file server to handle office e-mail, central document storage, and so forth. The computer salesperson offers you a plan in which you can finance 100% of the purchase price with terms of monthly payments at 6%, compounded daily, for the next...
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You are competing for a rent with one rival. Your valuation and your competitor’s valuation are private information. You believe that the other bidder’s valuation is equally likely to lie anywhere in the interval between 0 and $5,000. Your own valuation is $2,000. Suppose that...
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You are choosing between two goods, X and Y, and your marginal utility from each is as shown in the table below. If your income is $9 and the prices of X and Yare $2 and $1, respectively, what quantities of each will you purchase to maximize utility? What total utility will you realize? ...
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You are CEO of a large publicly traded company. You are negotiating several contracts with foreign governments in Vietnam, India, and Brazil to provide hardware and software to government agencies. Are you interested in including an arbitration clause in the contract? What are the pluses a...
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You are asked to reproduce the graph that deals with the effects of a Tariff particularly its impact on the welfare economics. Note that a tariff is a tax on goods produced abroad and sold domestically. Tariffs raise the price of imported goods above the world price by the amount of the ...

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