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1. Show what happens to producer surplus, worker surplus and the gains from trade as workers migrate from a low- wage to a high- wage region.
2. What happens to wages and employment if the government imposes a payroll tax on a monopsonist? Compare the response in the monopsonistic market to the response that would have been observed in a competitive labor market
3. Prepaid college tuition plans, also known as Prepaid Education Arrangements (PEAs), allow you to prepay college tuition at present-day prices. The value of the investment is guaranteed by the state to cover college tuition, regardless of its future cost. You are considering the purchase of an education certicate for $25,000, which will cover the future tuition costs of your 8-year old daughter. You expect the tuition cost of your daughter's bachelor's degree to be $50,000 in 10 years. What would your personal discount rate need to be in order for it to be worthwhile for you to make the investment and purchase the certicate?
4. Some politicians in countries that are the recipients of large numbers of immigrants advocate adopt-ing laws requiring immigrants to learn the local language within a specied period of time. One economist, commenting on such a proposed law, said the following: \These laws are unnecessary, as the market provides incentives to learn the local language." Use the human capital model theory to describe the likely mechanism provided by the labor market to learn the local language. Analyze the characteristics of immigrants who are most likely to learn the new language. [Note: Relate each of these four characteristics with one of the terms appearing on the PV formula]
Compute the Average cost, Marginal cost, Average Variable Cost and the output level at which Average Variable Cost is at a minimum.
a plot crowding out for the following situations on a graph and explain why you get the resultsi perfectly inelastic id
A cable company is considering a new suburban market
Based on the data provided, create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period.
Consider the following game: There are 5 pirates on a boat, conveniently named P1, P2 P3, P4 and P5. These 5 pirates have just dug up a long lost treasure of 100 gold pieces. They now need to split the gold amongst themselves, and they agree to do..
What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction
brian and kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations and events.
Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50.
in order to expel a foreign diplomat that individual must be declared.internationally what is the name of the
The Mining Group Gold process is a team process and meeting management process whose sole purpose is to leverage the combined wisdom, experience, and ideas of everyone on the team in order to cash in on this wisdom to improve the overall meeti..
Suppose Virginia withdrew $10,000 from her bank. If the reserve ratio is 2 percent theen this transaction willl lead to decreasing ____ in checking account balance.
The principal-agent problem arises when the interests of owners and workers diverge. because of diminishing marginal returns. when the interests of owners and workers converge. because of the profit incentive.
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