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Market forces, Institutional forcse, Sociological forces are the three broad forces that together determine the labor market outcomes (wages and the number of jobs) in the economy. Identify and explain which force is primarily responsible for the fact that there is lack of supply of labour at a price less than $14/hr. in the Ontario labour market.
Cimarron's best-selling product sells for $85 and, although it currently produces 750,000 of these each year, it has capacity to produce 100,000 more. Its resea
International Fisher effect: combinations of Fisher effect and Relative Purchasing Power Parity. Briefly describe the implications of the International Fisher Effect when the JPY interest rate is lower relative to GBP.
We are opening a winter lodge. our market consist of two segments: locals and visitors. to service each customer, there is a MC of $10. marginal cost is equal to average cost. the demand curve for visitors is Q=500- 10 P, and for locals, it is Q=500-..
explain increase in quantity of defense goods when there is an increase in marginal benefit.
Suppose there are two consumers, A and B, in an endowment economy. Each has preferences u=xy. The initial endowment for A is (4,16) and the initial endowment for B is (20,20). Each consumer is a price taker (Perfect competition). Let P(y)=1. Assume t..
Some economics textbooks refer to the factors of production as follows: Land, Labor, Capital, and Entrepreneurship.
What is fiscal policy. What are some of the concepts of government spending, taxation, and borrowing
A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office was at least nine years. A survey of companies reported in the Wall Street Journal found a sample mean tenure time of 7.27 years with a standard de..
The firm's marginal tax rate is 40%. What is the after-tax cost of capital for this debt financing?
Compare the economic crisis in Greece with the banking crisis and the corresponding one suffered in the US at the same time. Do you think there is a link
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. What would be the f..
Assume you plan to replace your kitchen appliances in 4 years with an appliance package similar to one that sells for $10,000 today.
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