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Suppose that a worker's commute involves traveling a long distance on a highway that is about to start charging toll fees of $Y. There is no other way for the person to get to her job. What will happen to hours of work as a result of this increase in commuting costs?
Suppose a worker's current job is located very near her house, so that the time it takes to commute to work is essentially zero. The firm is considering a move to another town, and it will then take the worker 10 hours per week to get to and from work, regardless of how many hours the worker actually decides to work. What will happen to the worker's hours of work as a result of this increase in commuting costs?
Explain why "outsourcing of jobs" from the U.S. and other higher wage societies to China and other "lower wage societies" related to the factors of long-term growth discussed in the textbook.
What is the discrepancy between net benefits and the benefits cost ratio? That is, typically why is the maximization of net benefits the same as the maximization of the benefits cost ratio?
Please search for some information about the Dodd-Frank Act and share with us. Please evaluate this act by answering the following questions: Do you think this Act can successfully avoid financial crisis in future? Why or why not?
Explain how many seats should be protected for full-fare passengers.
Suppose Latasha runs a small business that manufactures frying pans. Assume that the market for frying pans is a price-taker market, and the market price is $10 per frying pan. Calculate Latasha's marginal revenue and marginal cost for the first seve..
A perfectly competitive tomato industry is in long-run equilibrium. Now suppose that some consumers are getting sick by eating tomatoes that contain salmonella. Describe how this change will affect short-run economic profits. What will happen to the ..
Choose at least two (2) risk implementation considerations you need to decide (in advance) within a project. Provide a rationale for your response.
What do you think the store of the future will look like? Describe the retail environment and the experience for the shopper. Select one of the future stores suggested by another member of the class, and provide some additional recommendations that w..
What is the socially optimal level of P, based on the Samuelson condition?
q.1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
What were the main causes of the real estate bubble and the ensuing financial crisis? Why did the crisis spread from subprime mortgages to the entire financial sector and, ultimately, the economy? How has the crisis been reflected in the United State..
Consider the following market with 3 ?rms where 1 ?rm has a substantial market share (theleader), and the other 2 ?rms are the minor competitors (followers). All ?rms, however, share thesame technology with the costs MC = 5. The demand is P = 120 − 3..
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