Which statement indicates an unfair trade practice? country x has trade agreements with many countries, including countries a, b, and c. country x is a major exporter of iron, steel, and cheese. its major imports include tuna, wheat, and electronic equipment. in 2011, marlene dairy farm, one of the leading cheesemakers in country x, produced a record 70,000 tons of cheese. marlene’s patented technology enabled it to produce cheese at the cost of $3 per ounce. but about 5% of the product was declared unfit for consumption. that rejected cheese had to be thrown away in keeping with state food waste management guidelines. the rest of the cheese was exported to three countries. country x exported the cheese to country b at a price of $2 per ounce. country c bought the cheese at $4 per ounce. country x sold the cheese to country d for $4.5 per ounce. by 2013, marlene’s was among the top five cheese exporters in the world.

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?