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Question: The following figure illustrates the market for apple pickers.
a. What is the wage rate paid to apple pickers?
b. How many apple pickers have been hired?
c. If the demand for apples increases, resulting in 100 more apple pickers per day being hired, what would be the new wage rate paid to pickers?
Estimate the opportunity cost of taking this class. Include direct expenditures such as tuition, books, and supplies, as well as indirect expenditures such as the value of the time spent in class. Don't forget to include the opportunity cost of time ..
Presume technology improves and that workers are not the same (as opposed to what we discussed in class). Some are high skilled (like those with a college degree) and some are low skilled (like those with a high school degree).
Describe the NGO and its capabilities in your own words (paraphrase and cite). Don't cut and paste something from the NGO website. Obviously, you'll want to pick an NGO that is involved in issues related to the course.
Soundscape Enterprises manufactures Sonoblast, a device that produces a high-pitched reminder to telemarketers that they have once again disturbed you just when you were sitting down for dinner.
What would be the quantity demanded and supplied when P = $290. What would be the quantity demanded and the quantity supplied when P = $110?
If the Fed lowers the federal funds rate using an open market sale, what will be the effect on other interest rates? The exchange rate? Money and bank loans? Long-term real interest rate? Expenditure plans? Aggregate demand? What are the benefits of ..
suppose you have just been appointed to a high level position in the economic analysis unit of the state department.
The Phillips curve illustrates the relationship between:
Suppose there is an increase in population in this economy and this results in the quantity demanded of organic vegetables increasing by 150 units at every price. What is the new demand equation in this market
Find an expression for average costs (AC) and average variable costs (AVC). Graph them together with marginal costs and find the firm's short run supply curve. Is the whole curve relevant to the long run?
If not, what linear functions of these parameters, the estimable func- tions, can you estimate? Show the necessary calculations.
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms and use technology and information resources to research issues in managerial economics and globalization.
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