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Discuss salary determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor. Show this situation graphically, using W1 to indicate the equilibrium wage rate and Q1 to show the number of workers hired by the firms as a group. Show the labor supply curve of the individual firm, and compare it with that of the total market. Why the differences? In the diagram representing the firm, identify total revenue, total wage cost, and revenue available for the payment of nonlabor resources.
Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?
explain how would this change affects the optimal investment rule for the firm.
The bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John.
Can an economy be faced with endless trade cycles also still have its Real GDP grow over time?
The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever.
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs
How much should it raise government spending, if the government looks to raise income to 3000.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
Illustrate what are the real income also interest rate elasticities of real cash balances
Imagine which you are presently a college student working at a part time work. You have Concluded the subsequent as such sally projected expenses also revenues.
information effect the calculation of the inflation rate If so, Elucidate how. Does McDonald earn an accounting profit? Does he earn economic profit
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