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What are the implications of those decisions even if there is no violation of law or regulation?
In a two-factor, two-good heckscher-ohlin context, illustrate and explain "production effect" of growth in the labor force in a relatively capital-abundant country, other things equal.
What are the short-run equilibrium values of the price level, expected price level, output, and unemployment rate. Illustrate what are the values of cyclical unemployment and unanticipated inflation.
-Let Denmark be the home country and Germany be the foreign country. Recall that the danish krone is fixed against the euro. Suppose that Germany experiences an
The supply of labor generally is considered to be downward-sloping because the opportunity cost of leisure decreases as wages increase. The marginal income tax rate is a person's tax burden as a percentage of total income. The recession that began wi..
Suppose a monopolist faces a demand curve for its output of P = 300−Q. This means that the marginal revenue curve of the monopolist is M R = 300 − 2Q. Assume that the marginal cost of production is constant and equal to $40. Write down an expression ..
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. If he rejects the offer, he receive..
A firm has a production function represented by: q=L^(.75)K^(.25) Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r. Suppose w=15 and r..
Discuss. Over the past few years with Wal Marts unprecedented store growth, it has been found, that one community may welcome it while another residential area may not. Could we assume that a higher income community may actually block Wal Mart’s entr..
Explain the “Complexity Gap” that Corporate CEO’s complain about and how Marketers can eliminate or mitigate much of the uncertainty of determining consumer behavior.
Outline the possible work disincentives created by anti-poverty programs. Is there a way to solve this problem without causing other forms of inefficiency?
q. a group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether
In an attempt to increase revenues and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6, would expect an..
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