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Question 1. How do mandated benefits affect labor market outcomes?
Question 2. What is the short-run impact of immigration on the wage of native workers? What is the long-run impact? What is the immigration surplus?
Question 3. Describe the hiring decision of a perfectly discriminating monopsonist and of a non-discriminating monopsonist. In what sense do monopsonists "exploit" workers?
Determine the effect that the following will have on the operating cycle. Use the letter I to indicate an increase, the letter D for a decrease
a. What is the sensitivity of the screening test? b. What is the false positive fraction of the screening t est?
What is the opportunity cost of using your store credit to buy a pour over?
Describe the likely economic impact to a company if its bonds are down-rated from AA to A in its annual review from Moody's and S&P. Find the price of a 20 year bond that has a coupon rate of 8%, pays semi-annual interest, and has a $1,000 face amo..
How much would the company have to invest now at an interest rate of 3% per year to sufficiently provide for the annual payments, if the first payment will begin 4 years from now? Specify answer to nearest cent
Smoking is banned from most public buildings in most states across the U.S. today. What type of market failure is the smoking ban intended to address. Illustrate what other options might be considered.
It is often argued that price wars may be more likely to occur during low-demand periods than high-demand periods.
Are the salaries received by professional sports athletes outrageously high? Should the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What ar..
A market in which there are many firms each selling differentiated products is most likely a ________ market.
-Your firm exports goods to the United States and will be collecting a $25,000,000 receivable in 3 months' time. Your boss however, is worried about what she be
Jack owns an auto repair shop, specializing in European cars. With three full-time mechanics, Jack's shop repairs/services 15 cars per week. Each worker is paid $500 per week. Suppose Jack's weekly fixed costs is $1500. Assuming he is a profit maximi..
One reason for the appearance of diminishing returns is that:
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