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1. Describe the effects of employment discrimination on wages.
2. How could this impact your business' decisions in relation to labor costs?
Consider a monopoly with a production function given by q = f(x) = √x and a fixed cost of $1. The input price is $0.50. The monopolist sells her product in a market that has ten consumers. Let p denote the unit price of the good. Find the profit-maxi..
In the following example each person is an island. We have James and Kate who engage in international trade with each other. James is lactose intolerant and only produces cheese. Kate is caffeine intolerant and only produces coffee. Who has a negativ..
q1. you buy a season pass to the philharmonic symphony hall. you paid 250 for five performances. what is the money cost
A monopolist produces a product which has high investment cost. The marginal cost of the product is very small ( negligible ). The monopolist has a patent for the product. how in a chart the price of goods that would arise if the company is unregulat..
Maria decides to switch a major and is now a student in business. in period 2, she will have a BA in business and her income will be $88000. determine Maria's lifetime wealth. determine consumption and sacving of maria in period 1 and period 2.
The heart of Toyota’s strategy in motor vehicles is to outcompete rivals by manufacturing world-class, quality vehicles at lower costs and selling them at competitive price levels. Executing this strategy requires top-notch manufacturing capability a..
Goods added to inventories during a given year are: If aggregate demand grows more rapidly than aggregate supply, prices
The Center for Medicare and Medical Services reported that there were 295,000 appeals for hospitalization and other Part A Medicare service. Compute the probability that none of the appeals will be successful. Compute the probability that exactly one..
q.1. assume that you are to estimate the costs of eithera project proposal to construct a dam in your local area for
Based on the case “Cola Wars Continue: Coke and Pepsi in 2010,” use game theory approach/analysis to explain the competitive behavior of Coke and Pepsi making specific references to actions taken by each firm and the different “battlefields.” What co..
As a musician, Mary plans to use JC Music Co.’s service for recording drum sound in her songs. She can use either drum machines or drummers, and they can substitute three drummers with one drum machine. The cost of hiring a drummer is $8 per hour and..
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. If the prices are identical, however, assume all consumers buy ..
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