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Assignment:
Smith talks about possible advantages of specialization by division of work, including expanded work efficiency and gains from exchange, whether among town and nation or across countries. His hypothesis that the division of work is restricted by the degree of the market has been portrayed as the center of a hypothesis of the elements of firm and industry and a essential guideline of monetary organization. To Smith has likewise been attributed the main considerable recommendation in all of financial aspects and underpinning of asset distribution hypothesis - that, under rivalry, asset proprietors (of work, land, and capital) look for their most beneficial purposes, bringing about an equivalent pace of return for all purposes in harmony (adapted to obvious contrasts emerging from such factors as preparing and unemployment).
Unemployment is reduced due to the measures taken by the government like education for all . Explain its effect on the ppc of the Indian economy and why?
1. Compare and contrast pure competition with monopoly from a pricing perspective. If you were a shipper, which would you prefer? Which would a carrier prefer?
Describe how private and government insurers and payers impact actual reimbursement. Justify which form of payment has the most merit. Explain why.
7. Given the Adam Duritz utility function between CD's (C) and hard candy (H) is , a. Sketch Adam's indifference curve for U=5, U=10 and U=20.b. Suppose Adam has $100 to spend and that CDs cost $2.50 and hard candy cost $10. Draw Adam's budget constr..
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070 if it produces an additional graphing calculator.
You are considering selling your vintage 1969 convertible Volkswagen Beetle. If the car is in good condition, it is worth a lot; if it is in poor condition, it is useful only as scrap. Assume that your car is in excellent condition but that it costs ..
Assume the country of Fredonia has $500 of capital per worker and has a workforce of 20 million. Also assume that labor and capital split output evenly between themselves. Ignoring total factor productivity. What is output per worker? What is total o..
Consider Pat's Pizza Restaurant's production decision in both the short-run and long-run. Pat wants to improve the productivity of the firm in the long run.
Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture.
A clothing manufacturer employs casual sales staff on an as-needed basis at the legal minimum hourly wage. At the same time, the owner of the outlet enters.
Can you explain how competitive markets determine the wage rate and the quantity of labor that should be employed?
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