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Are the following workers more likely to experience short-term orlong-term unemployment and explain:
a) A construction worker laid off because of bad weather.
b) A manufacturing worker who loses her job at a plant in anisolated area.
Should the controller's argument be accepted if she does not really know much about copier technology. What would it make a difference if the controller were knowledgeable about the pace of change in copier technology.
Elucidate what output level does average variable cost reach its minimum value. What is the value (in dollars) of the average variable cost at its minimum point.
Explain the law of diminishing marginal utility and Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
Are there any current subsidy or welfare issues?
Calculate the equilibrium real wage rate and the equilibrium quantity of labor. Suppose that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0. Compute the real wage rate.
Describe the output level of the firm, the number of workers it employs and the profit of the firm.
Lynn was terminated by Wal-Mart for violating it fraternization policy by having an affair with a co-worker. Lynn sued Wal-Mart for retaliatory discharge, claiming that he was actually fired because he reported Wal-Mart's
Xco produces and sells a special type of organic oil sold by the barrel. For many years, they have sold through a Jersey-based importer. Their contract with the importer is up for renewal in six months andXcohas decided to look at options other than ..
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
What does it mean for two goods to be "perfect substitutes" for each other for a consumer Why is the optimal bundle usually a corner solution when a consumer is choosing a bundle of perfect substitutes
1. Determine if the benefits of free trade outweigh the drawbacks, and what could be done to address the drawbacks (if anything). 2. State whether you believe fair trade is a fad or a trend. Provide support for your reasons.
Determine the difference among National Income, Gross National Product, and Gross Domestic Product? Why do most countries now use GDP as a measure of national output?
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