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Describe the 2011 NFL lockout . (including defining what a “lockout” is, and how that differs from other labor disputes). Define who was involved, and what their economic functions were (Hint: what kind of legal entity is the NFLPA? What kind of economic entity is it? How would you characterize the NFL team owners?). Why might the NFLPA be considered different from other labor organizations in terms of efficiency? Discuss non-economic aspects of the NFLPA as well. Use a well-labeled and explained graph as part of your answer.
find out generalized least squares estimates of the relevant function(s). Illustrate what is the profit-maximizing level of output suggested by the results in part (f).
Talk about the ramifications involved in conducting business under both/either scenario.
Elucidate how much does the gardener receive. How much does the customer pay. How much does the government receive as tax revenue.
Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.
How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?
With a firm's production function given by Q=6L2/3K1/3, calculate the efficient long-run value of K and the MRTS when Q is 648 units per period and L is 216 labour-hours per period. Do the same calculations when Q is 1296 units per period and L is 43..
Companies HD and LD have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on their debt. However, company HD has a higher debt ratio. Which of the following statements is CORRECT?
Where Q indicates the number of copies sold and P is the price in dollars. a. Find the price and quantity that maximizes the company’s profit. b. Find the price and quantity that would maximize social welfare (the competitive equilibrium). c. Calcula..
show the new quantity demanded at that price as we did in class. Also, show that the new total revenue will be greater than then old total revenue.
Under what conditions (such as relative costs, position of the demand curve, number of low-cost firms) will the smaller, higher-cost growers be driven out of business?
Consider an economy with the production function Y = L ^(1/3). calculate the equilibrium levels of real wage, labor and output. What is the equation of the aggregate demand curve for this example? What is the price level? What is the nominal wage lev..
A game everyone knows is coin flipping. Suppose that Player 1 flips the coin (and is so skilled that he is able to flip it whichever way he wants) and Player 2 calls heads or tails. Does either player have a dominant strategy? If so, which player and..
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