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In an effort to stop the migration of many of the automobile manufacturing facilities from the Detroit area, Detroit's city council is considering passing a statute that would give investment tax credits to auto manufacturers. Effectively, this would reduce auto manufacturers' costs of using capital and high-tech equipment in their production processes. On the evening of the vote, local union officials voiced serious objections to this statute. Outline the basis of the argument most likely used by union officials. (Hint: Consider the impact that the statute would have on auto manufacturers' capital-to-labor ratio.)
As a representative for one of the automakers, how would you counter the union officials' argument?
Please help with answering and understanding the question: Under what conditions do people advocate for TRADE RESTRICTIONS?
Write a four to five (4-5) page paper in which you: 1.Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations. 2.Hypothesize the basic short-run..
Firms in monopolistic competition would
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1. Develop a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable. a. Show the estimated regression equation.
When the price of cell phones decreased from $16 to $12, production decreased from 2,500 to 1,200 per month.
q1. suppose that disposable income consumption and saving in some country are 200 billion 150 billion and 50 billion
If the Federal Reserve has set the risk-free interest rate at 8 percent, Illustrate is the proper current cost of this investment.
Assuming potatoes and beans are substitutes, an increase in the cost of production for potatoes.
A and B are painters and have the exact same cost structures except that A paints in a house he owns but that he could rent out for $4,000/year, while B paints in a house that he rents from Ithaca Realty for $4,000/year. Assume that the painting busi..
what happened to real output? by how much would the price index have had to rise for real income to remain constant?
If the required reserve ratio is 10% and $4000 is deposited into a checking account at 1st National Bank:
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