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Please answer all the questions.
1. What causes the demand for labor to shift?
2. Explain why the labor supply curve is upward sloping?
3. Explain the types of unemployment.
4. With regard to the demand and supply of labor, explain the concept of the equilibrium wage.
5. Why are the minimum wage laws needed?
6. How would the demand for gasoline be affected, if there is a drop in its price?
7. What happens when a business's costs are more than its revenue?
8. Explain the difference between the implicit and explicit costs.
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic.
Addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor.
given the following information for november 2010 calculate the amounts of m1 and m2 in november 2010. the amounts are
Is the demand curve for children downward sloping? Explain, being careful to specify exactly what you mean by the price of children. What is your evidence?
What are blogs and how can marketers use them? What is source credibility, and what are two factors that influence our decision as to whether a source is credible? What is the difference between buzz and hype?
Construct a time-series plot that shows the insured catastrophic loss over time. What do you think causes the peaks in the graph?
Develop a metaphor or simile that would help someone unfamiliar with microeconomics understand the basic ideas.
a manufacturing company is thinking of launching a new product. the company expects to sell 950000 of the new product
Why does a modern industrial economy need a central bank? What are some reasons behind the worldwide trend toward greater central bank independence? Are there arguments on the other side?
To examine the implications of selecting various discount rates, reconsider the water filtration system example in the text but change the dis- count rate from 10 percent to 5 percent. Find the present value of the system.
jamaica is among the more successful caribbean islands that offer great economic development and business
The manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. The Medicare payment for a surgical operation using the traditional meth..
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