NAFTA

I am an advisor to the US Federal Trade Administration in charge of doing background research that will be used for trade negotiations by policy makers. The US is in the process of engaging in negotiations with countries in Middle and South America to explore expansion of the North American Free Trade Agreement [NAFTA]. I have been asked to provide a brief memorandum that outlines the three main advantages and disadvantages of expanding NAFTA.

Demand Analysis and Estimation

Following a price change for Coca-Cola, please explain how a retailer uses sales information to learn if Doritos snack chips represent a complement or a substitute for Coca-Cola.

Short-Run Firm Supply

Tinley Paper, Inc. produces uncoated paper used in a wide variety of industrial applications. Newsprint, a major product, is sold in a perfectly competitive market. The following relation exists between the firm's newsprint output and total production costs: Total Output (tons) Total Cost ($) 0 25 1 75 2 135 3 205 4 285 5 375 6 475 7 600 A. ... click for more

Global economic and political policies and their impact on business decisions

Details: Upon your return home, you receive an invitation to speak to a class at the local high school. You are to be part of a panel of three local people considered to have experience in international business. The question you are assigned to answer is "What are some obstacles to successful international economic policy coordination?" In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

Game Theory

In a two player, one shot simultaneous move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both pick B, they get $100 each. If player 1 picks A, and player 2 picks B then player 1 gets $0 and player 2 gets $650. If player 1 choose strategy B, and player 2 picks strategy A, then player 1 gets $650 and player 2 gets $0. a) Write the above game in normal form. b) Find each player’s dominant strategy, if it exists. c) Find the Nash equilibrium (or equilibrium) of this game. d) Rank strategy pairs by aggregate payoff (highest to lowest) e) Can the outcome with the highest aggregate payoff be sustained i... click for more