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Suppose that in Enigma, Ohio, Uselets have a productivity of $1,000 and Candus have a productivity of $5,000 per month. You can't tell Uselets from Candus by looking at them or asking them, and it is too expensive to monitor individual productivity. Candus, however, have more patience than Uselets. Listening to an hour of dull lectures is as bad as losing $250 for a Uselet and $100 for a Candu. There will be a separating equilibrium in which anybody who attends a course of H hours of lectures is paid $5,000 per month and anybody who does not is paid $1,000 per month
Would you continue to work after winning a lottery prize of $50,000 a year for life? Would you change schools, jobs, or career objectives? What factors besides income influence work decisions?
What is a consequence of recognition that many mental diseases have biological roots? Mental health problems are often intertwined with other social problems, such as alcohol and drug abuse. Which of the following diseases has substantially increased..
q1. if the marginal cost of planting and harvesting an acre is 7000 per acre for each of the five acres how many acres
Provide a graphical example of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage. Provide an explanation of what occurs when the minimum wage is increased.
Explain and illustrate graphically the effect of the following on the monetary base and the level of reserves. Central bank purchases $30 million of government securities for Chase Bank. The Fed purchases from the public $3 million of government bond..
1. Explain why real GDP might be an unreliable indicator of the standard of living? - Answer not more than 250 words and add 2 academic references (Harvard referncing style)
According to our discussion in class, which of the following is true of the minimum wage in the U.S.?
A biotech firm is considering abandoning its old plant, built 23 years ago, and constructing a new facility that has 50% more square footage. The original cost of the old facility was $300,000, and its capacity in terms of standardized production uni..
Illustrate what is level of utility the person will attain on a daily basis. Illustrate what will be the average level of utility attained per day during the year.
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
What is market signaling? What is moral hazard? What is adverse selection?
Consider the following comment:"The current account depends upon income and the real exchange rate. If income rises,consumption of imports is high and the current account worsens.
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