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Describe the impact of the following events on the market for autoworkers in Tennessee. (Note that Honda operates a factory in Tennessee.)
a. Honda adds on to its factory in Tennessee.
b. Consumer Reports declares Honda to be the best-made automobile in its class.
c. Refugees with manufacturing skills from war-torn Bosnia and Kosovo are relocated to Tennessee.
If supply is given by Qs = 1000 and the government imposes a tax of 50 on iPhones that must be paid by sellers then Producers will bear the full economic burden of the tax but how come there is no deadweight loss
Suppose the individual demand for a product is given by QD = 1000 - 5p. Marginal revenues is MR = 200 - 0.4Q, and marginal cost is constant at $20 there are no fixed cost. A. The firm is considering a quantity discount. The first 400 units can be ..
Define data mining. How is it used for verification and discovery in the audit process?
helen just bought a house for 250000. earthquake insurance which would pay 250000 in the event of a major earthquake is
an alumnus of West Virginia University wishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years.
Suppose that the demand equations for men and women for a particular good is as follows: Pw = 6 - (1/8000)Qw and Pm = 10 - (1/8000)Qm. If total quantity of good available is 56000, what price should men and women be charged?
Develop an attitude of professional skepticism
Investigate the history of slavery and discuss the ways in which this history impacts contemporary society
Third National Bank is fully loaned up with reserves of $30,000 and demand deposits equal to $100,000. The reserve ratio is 5%. Households deposit $20,000 in currency into the bank. How much excess reserves does the bank now have
introduction what is this report aboutwhy has it been writtenwhat will this report showwhat are socially desirable
Consider a simultaneous move quantity-setting game with two firms facing a demand curve p = 100 - q. Both firms have marginal cost of 20. Suppose one firm maximizes profit and the other maximizes revenue, but both take into account the other firm'..
How many workers would the firm hire if the going wage rate were $27.95 How many would it hire if the wage rate were $19.95 Why would the firm not hire more (or less) than the numbers you have chosen
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