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Suppose that Person A earns $35,000 per year and Person B earns $42,000.
(i) Find the exact percentage by which Person B's salary exceeds Person A's.
(ii) Now, use the difference in natural logs to find the approximate percentage difference.
If growth in labor supply is a source of economic growth, then we should just open our borders and let everyone immigrate to the U.S. Agree or disagree? When it comes to labor what matters for economic growth?
A firm produces an output using capital and labor using the production technology described by f(xL; xK) = xLxK. Let w denote the price of labor and r denote the price of capital. Assume that w = $2 and r = $1.
suppose that you are the chief economic advisor to the president of the united states. you are asked to propose a
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
Landscape architecture Visual impact assessment on Route 88 in the state of California utilizing the 6 steps involved in assessing the impacts of transportation project.
suppose you have two types of customers. type 1 customers typically purchases your firms product in bundles of 100
Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are “good intentions” necessary if individuals are going to engage in actions that are helpful to others? Discuss.
karen runs a print shop that makes posters for large companies. it is a very competitive business. the market price is
There are two related variables, noise (equals either quiet or loud) and intoxication (equals drunk or sober). P(drunk)=.25, P(loud)=.4. You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P..
Review the information available on the following websites. You will use this information to answer the questions below:Overview of BLS Statistics on Unemployment: http://www.bls.gov/bls/unemployment.htmUnemployment, total (% of total labor force): ..
exchange in an island economy.robin and terry are stranded on a deserted island and consume two products coconut and
Did government intervention help or harm the economy before and after the panic of 2008? Would you have done anything differently?
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