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Assignment:
"Labor and Legality: An Ethnography of a Mexican Immigrant Network by Ruth Gomberg-Munoz"
Describe a three page analysis of economic systems in the ethnography. Apply what you have learned about economic systems from the textbook and class discussions.
Prompts:
What would happen to your demand for leisure? What does this imply about the response of the consumer's labor supply to changes in wage rate?
Why do consumers seek to maximize their utility? Is marginal utility more useful than total utility in the decision making of consumers? Why or why not? Is marginal utility per dollar spent a more accurate view than marginal or total utility? Why or ..
The Future 2055 The U.S. economy is at full employment. President North West is spending billions of dollars on military equipment in the U.S. He is also attempting to carry out his promise to put a man on Mars by the end of the decade. He is cons..
Congress has the choice of spending $50 billion on either space exploration or increased aid to education. Outline the arguments that would lead.
Unrelated product diversification (conglomeration) is widely discredited in developed economies. However, in some cases it still seems to add value in emerging economies. Is this interest in conglomeration likely to hold or decrease in emerging ec..
Calculate the profits earned by the monopolist if it sells the profit-maximizing quantity (Q*) at the profit-maximizing price (P*).
problems are caused by omitting a relevant variable
How much was each semi-annual withdrawal in year 19 through 22? Express your answer in $ to the nearest $100,
What is administrative decision-making? How is administrative discretion exercised? please also list the kinds of administrative discretion
More precisely, buyer and seller play a game in which they report their valuation. The rules of the game are as follows: if the seller reports c' and the buyer reports v', the object is transferred from seller to buyer with probability
Calculate the price elasticity of supply for each of the following combinations of price and quantity supplied. In each case, determine whether supply.
Describe both "Law of Demand" & "Law of Supply" regarding price changes relative to the substitution and income effect?
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