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1. Give a detailed account of the various factors which determine whether an individual (or group) will migrate from one place to another.
2. Briefly explain with the help on an example what is meant by the Screening Hypothesis.
3. Suppose firms reduce their spending on new equipment and software. We can expect the price level to _____ and real GDP (output) to _______.
increase : increase
decrease : decrease
increase : decrease
decrease : increase
A similar helicopter was purchased 4 years ago at a cost of 140,000$. At an interest rate of 7% per year. Illustrate what would be the equivalent value today of that 140,000$ expenditure.
Consider several things in your answer: 1) does the person have a tendency to lie, or tell the truth, 2) have they committed any crimes, and what was involved in those crimes, and 3) does the person hold any noxious views that might make people disre..
illustrate what sales output and price should it set. what strategy would you recommend.
What is the marginal utility of good Y? Suppose Jane has an income of $800. The price of good X is $10 and the price of good Y is $20. As Jane moves down an indifference curve, what happens to the marginal utility of good X (increase, decrease – assu..
In 1981 Andrew Carnegie asserted that "parents who leave their children enormous wealth generally deaden their children's talents and energies and tempt them to lead less productive lives." Evaluate this statement using the labor-leisure model and e..
Suppose there is an early freeze in California that reduces the size of the lemon crop. What happens to consumer surplus in the market for lemons?
a. hypothetical demand curve for strawberries cost 43 cases of strawberries per harvest 34 thousand. illustrate cost
An engineering company in Virginia that owns 250 acres of valuable land has decided to lease the mineral rights to a mining company. The primary objective is to obtain long term income to finance ongoing projects 5 and 15 years from the present time...
Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n) Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. ..
A monopolistically competitive firm faces the following demand curve for its product: The firm has total fixed costs of $20 and a constant marginal cost of $5 per unit.
In each of the following situations, what type of unemployment is Melanie facing? Explain.
Numerous studies have shown that there is usually a systematic relationship between concentration and price. What is this relationship? Offer two brief explanations for this relationship.
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