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Explain how each of the following programs would effect the elasticity of demand for teachers in public education and if so, in which direction.
A. State and federal funding to reduce maximum permissible class sizes under NO CHILD LEFT BEHIND LEGISLATION.
B. Teachers' Union negotiating smaller maximum class sizes.
C. A union negotiated increase in teachers' salaries.
D. An increase in the supply of highly qualified teachers' aides
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
Draw the Cost effectiveness Frontier - What concept can you attribute this change in treatment choice before and after insurance? Explain.
A stakeholder is anyone:
And in this market there are two firms with MC=AV= $10. Perfect competition price, quantity, and consumer surplus?
The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.
Explain your answer the economy experiences an unexpected recession; the price of Good Z increases. The price of Good Y increases; the price of Good Z increases.
Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages. How can they benefit from trade with a poor country?
The interest rate affects the investment patterns in the economy. A friend of yours suggests a get-rich-quick scheme: Borrow from the nation with the lower nominal interest rate, invest in the nation with the higher nominal interest rate, and profit ..
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity and price.
In letters between the two, Rita Borelli contracted to sell “my car” to Viola Smith for $2,000. It was later shown that Borelli owned two cars. She refused to deliver either car to Smith, and Smith sued Borelli for breach of contract. Borelli raised ..
In a macroeconomic equilibrium,
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