Below are several questions about the Monopolistic Competition Model in the context of a trade liberalization between the US and Mexico. Some information about the widget industry in the US and Mexico: Both countries share the same technological characteristics with consultants from Bain & Company reporting that the fixed cost associated with producing a widget are 75,000$, the variable costs associated with producing a widget are 5$.Bain also reports demand characteristics of the US and Mexico market: The demand elasticity parameter "b" was estimated to be 1/300. Total widget demand in the US was estimated to be 16,000 units and total widget demand in Mexico was estimated to be 9,000 units.
Suppose the US market is segmented from the Mexico market (i. e. there is no trade between markets), how many firms operate in the US market? How many firms operate in Mexico? At what prices do they sell their products? How does the US market compare to the Mexican market?

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

Suppose that real interest rates increase across europe. this development will u.s. net capital outflow at all u.s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.

15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.