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Question: "Economists should discard Ricardo's comparative Advantage as a practical explanation of trade patterns and search for other theories of trade" Do you agree ?
the u.s. government administers two programs that affect the market for cigarettes. media campaigns and labeling
Suppose the hourly wage is $10 and the price of each unit of capital is $25. The price of output is constant at $50 per unit. The production function is f(E,K)=E^1/2 K^1/4. How much labor and capital should the firm employ in the long run? How..
Introduction of the organization, including history and background. Conclusion and what you would change about the selected organization for improvement.
Presentation to be presented to the CEO's executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor.
Draw a spider plot for the level of demand in year 5 (halfway through the 10-year horizon) when L = 1000 ± 20%, year 1's demand ranges from 4 to 10.
The night before an economics test, you decide to go to the movies instead of staying home and working your My Econ Lab Study Plan.
Why do very small companies tend to raise money from private investors instead of through an IPO? Why do small, young companies often prefer an IPO to borrowing
Suppose a firm has a labor demand curve given by w = 20 - 0.01E. Furthermore, suppose that the union representing workers in the firm derives utility.
Suppose a computer virus disables the nation's automatic tellter machines, making withdrawals from bank accounts less convenient. As a result, people want to keep more money on hand, increasing the deman for money.
a) Use one (1) example of Expansionary Fiscal Policy in Australia. Who is responsible for implementing fiscal policy?
Write down the utility maximization problem for this consumer. Pay close attention to the budget constraint. Find the Walrasian demands for the consumption good and leisure. Be sure to consider the constraint L ∈ [0, 1].
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should continue to produce the level of output at which marginal revenue equals marginal cost.
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