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In the case of free mobility of labor in a one good model, what can be the consequences of international labor mobility in terms of real wages, world's output and distribution of income?
The elasticity of demand at the profit-maximizing point on demand is __________ (elastic, inelastic, unit elastic), as it must be for profit maximization to occur. Total revenue ________ (is, is not) maximized at this point on demand. The maximum pos..
Medium household income in County C is $54,021. Medium household income in Country D is $28,739. In County C, 17.4 percent of residents smoke. In County D, 28.4 percent of residents smoke. What is the arc income elasticity of demand for tobacco use?
What approach has become an effective means of achieving environmental goals at the least cost to society?
Consider an industry with 7 firms whose market shares are given in the following frequency: Calculate the HHI for the industry! Suppose one of the firms with a 12% market share announces that it plans to buy one of the firms with a 7% market share. C..
What is the ideal vs. actual cell tower cell cluster? Explain why there is a difference (if any). Explain the concept of cell cluster replication.
Given the number of successful prosecutions being brought, whether she will reform the Welfare of Animals Act 2011
Assume that you have a budget of $30 to spend on milk and cereal only. The price of milk is PM = $5 and the price of cereal is PC = $3.50. What is the most you can purchase of cereal? What is the slope of the budget constraint?
Concerning emerging markets: identify and explain key concepts of emerging technologies, highlighting their use and availability. Concerning emerging markets- identify and describe common industry concepts including: institutional voids, business gro..
What are some factors that cause an increase in investment in a small closed economy? How does this affect trade surplus
Consider two identical economies A and B that abide by a standard Keynesian economy with partially sticky prices. Suppose the economy A is populated by agents with adaptive expectations and economy B is populated by agents with forward looking exp..
Explain the concepts of impatience and internal discount rate (of an individual). (Hint: the example of a depletable resource may be useful for handling this task.) To determine the intertemporal consumption decision of an individual the concept of d..
There are 12 numbers on a list, and the mean is 24. The smallest number on the list is changed from 11.9 to 1.19.
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