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A monopsonist has a rising MRC curve. Why? It pays a wage lower than the competitive wage. Why?
A union and a monopsonist comprise a bilateral monopoly. Why would a worker prefer to be in a union in such a situation? (Think about your answer to Q4 above).
Why might firms voluntarily pay a wage greater than the competitive (market clearing) wage?
Tracy won a $100 million jackpot. She can receive the jackpot as a $5 million payment each year for 20 years, or she can ask to receive the present value of all those payments all at once now. Assume an annual interest rate of 5 percent. If she decid..
Use any or all of the handouts on currencies or central bank policy and critique the quantitative easing policy of Europe, Japan, or China. Use the "Tinkering with Currencies..." article as a start. Is the currency of any of those countries the real ..
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
If an employee is performing below standards managers need to explain what needs to be done to improve performance, and then give the employee specific tasks and timelines to do this. Often this is done with an action plan. Do a little research and t..
There is an ongoing debate over the use of arbitration clauses in consumer contracts. Differences between arbitration and litigation include the costs charged to the parties, the speed of resolution, Give an example of a company that uses consumer ar..
What do economists mean when they say markets are mutually interdependent? Give an example to support your explanation
firms raise capital from investors by issuing shares in the primary markets. does this imply that corporate financial
Suppose your employer provides a health insurance policy that pays 80 percent of $1 over the first $100 spent. If you incur $1,000 in expenses, how much will you pay out of pocket? What percentage of your expenses will this be?
Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium. There is a reduce in the expected growth rate of rea..
Show how the following demand curves are likely to shift in response to the indicated changes: a) The effect on the demand curve for umbrellas when rainfall decreases. b) The effect on the demand curve for apple juice when the price of orange juice d..
leave the equilibrium quantity of labor input and real GDP unchanged. lower the equilibrium quantity of labor input and real GDP.
How does the global economy connect American car buyers and Russian bureaucrats? One person who can answer is Reg Modlin, an emissions specialist at DaimlerChrysler AG's U.S. unit. Mr. Modlin, like many other auto-industry executives worldwide, has s..
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