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Consider an economy that consists of two regions - the East and West. The elasticity of labor demand in each region is -0.5. The economy-wide labor supply is perfectly inelastic. The labor market is initially in an economy wide equilibrium, with 600,000 people employed in the East and 400,000 in the West at the wage of $15 per hour. Suddenly, 20,000 people immigrate from abroad and initially settle in the West. They possess the same skills as the native residents and also supply their labor inelastically.
Which resource of production is the only one which nations can significantly increase in the short term.
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.
Explain why perfect personalized pricing is typically more profitable than menu pricing.
How many shares of common stock must be issued as well as at what price, to raise the required capital.
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
How is this shifting of AD curve going to affect the price level and output level of the economy.
Examine the following list of goods and services. Which goods and services should be included in Fredonia GDP in 2009, which should be excluded, and why.
Discuss which Explain how drop in the export sales sets in an ongoing recession using accelerator model.
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
Explain which industries have substantially reduced fixed cost commitments. Reduction in costs has substantially impaired the ability.
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