Country A is a developing country. The nominal GDP in Country A (expressed in terms of Country A currency) was 100 in 2018 and 200 in 2019. Does this means that the production in Country A doubles in 2019? Give 2 reasons and explain why or why not..

. Consider a firm that has a production function y = f(x1, x2) = 2x ^1/4 1 x ^1/4 2 facing input prices w1 = 2 and w2 = 4. Assume that the output price p = 8.

• What will be the profit maximizing output level?
-What will be the profit? •
-If this firm is divided up into two equal-size smaller firms, what would happen to its overall profits? Why

How must American marketers change their packaging for sale in India and Pakistan? How about product size? Would warehouse clubs like Costco and BJ's be successful in this part of the world? Why or why not?

minimum 500 words

Give an example of a production process that is possible to have decreasing marginal product in an input and yet increasing returns to scale. Show your work and explain

.

Do you foresee any other positive influences the COVID-19 virus may have on local or global financial markets? Provide a web article.

8. Nominal and real wages have increased over time in the U.S. How fast will your nominal wage increase if you receive an increase each year that is comparable to what has occurred on average since 1929? About how long will it take the purchasing power of your wage to double if your real wage increases at the average rate experienced in the U.S. since 1929?

Consider a market with demand represented by P=500-2Q. Assume there are two firms, each with MC=25.

1. If the firms compete on quantity in Cournot Competition, what will be the equilibrium quantity (for each firm and overall) and price?
2. If firm 1 is a leader in Stackelberg competition, what will be the equilibrium quantity (for each firm and overall) and price?

Should a firm operating in a competitive market produce and sell their output if they incur a loss and not a profit? Why or why not? How does the answer depend on the size of the loss?

1. What effect will each of the following have on the demand for hamburgers? (increase, decrease, or no effect)
   
   a. Hotdogs become more expensive (while the price of hamburgers stays the same).                           ___
   ___________
   b. The price of hamburgers falls.                                                             ______________

c. Income declines and hamburgers are an inferior good.                                                           ______________

d. The price of French fries (which people eat with hamburgers) falls.                                                     ______________

2- What effect will each of the following have on the supply of fast food hamburgers?

a.   The wages of fast food workers increases.                                                           ______________

b. A decrease in the price of ground beef.                                                               ______________

c   The price of hamburgers increases.                                                                      ______________

d   The levying of an additional sales tax on all fast food.                                          ______________

Present a labor market analysis (a diagram and accompanying “story”) that describes how technological improvement will tend to affect the nominal wage level, real wage level, and employment level, assuming the technological improvement increases labor productivity.   

.Regional free trade zones are becoming popular. What are the negative and positive aspects of such trade zones? How will they help or hinder global organizations?

Explain and compare: Marshall-Lerner Theorem, Mundell-Flemming Model and how both relate to the "Imposible Trinity" in International Business

(Make sure to use a real example in current world times)

Does trade put downward pressure on U.S. wages? Provide evidence and an example to support your argument.

Essay topic: We should eliminate all taxes.

The essay should be 500-600 words. You need to argue whether it is true, false or uncertain. Use a diagram of an economic model if it helps in making your argument

Why might imports and domestically produced goods be complements rather than substitutes? (Hint: Consider the business cycle!)