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The Occupational Safety and Health Administration (OSHA) promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards is to require the employer to furnish personal protective devices to employees (labor) such as earplugs, hard hats, and safety shoes. Analyze the possible employment effects of the second alternative approach if the OSHA believes that it offers greater protection from injury for the workers.
Find out an output which maximizes the total revenue. Calculate the price elasticity of demand at this output.
What is Bill's opportunity cost of producing one hat, In which of the two activities does Mary have a comparative advantage.
Illustrate what are the limits to long-term economic growth in the US.
Which of the following statements concerning the marginal-physical-product curve above is true? It can be determined from the marginal-physical-product curve shown above that A)marginal physical product reaches a minimum with the first worker.
Determine additional dollar cost of adding sales people and how is the expected net revenue generated through adding an additional salesperson given a firm's past sales experience?
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Assume that the economic news is not good and businesses become pessimistic about the future. How would this change in attitude affect the investment demand curve and the impact on real GDP.
Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable. Identify possible economic policie..
Illustrate what research did Krueger use to "help win" a rise in the minimum wage in 1996. What did his results show.
If my optimal choice for two goods (cookies and milk) is different from two different weeks (for example, week one is C:8,M:16 and week two is C:16,M:16) BUT INCOME IS THE SAME throughout all weeks ($8).
Suppose the payoffs are instead as follows If they both open at location A, theater earns 12 while the restaurnat earns 8. If both open at B, the theater earns 8 and the restaurant earns 12. IF they open at different locations, they both earn 2.
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