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(Technological Change and Unemployment) Explain how technological change can lead to unemployment in certain industries. How can it lead to increased employment?
Consider the story: Sonya earns $900 per week working as a nurse at Mercy Hospital. She uses $300 to purchase a recliner at Sears. Sears pays Victoria $800 per week to work as a sales associate. Victoria uses $400 to purchase medical services at Me..
Inflation affects creditors and debtors. Suppose the Canadian debtors borrowed $100 from the Canadian creditors on December 31, 1992 and promised to pay back $105 on December 31, 1993. This is equivalent to paying back a nominal interest rate of 5..
What is the buyer's best offer for a parcel if sellers are fully responsible for cleanup costs? What is the buyer's best offer if the buyer is responsible?
You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than one. To increase total revenues, you should:
A small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is protected by a utility patent. The market demand curve for this product is estimated to be: Q = 6009 - 25P where Q is the number of pla..
Compare this situation to the argument over carbon tariffs. Why might defenders argue that such tariffs are legal? What objections can you think of?
1. given the following demand curveq100 - 2pdetermine the price elasticity of demand at the following prices.1. p
A college student is considering whether to operate a lawn-mowing business for the summer or work in a business owned by his family. His time is worth $w1 per our and he can work as many hours as he chooses in the family business at this rate.
In this question we are going to incorporates investment in human capital by agents, in a form similar to physical capital. Labor units are replaced by human capital units Y = AK?(?H)1?? where • H ? Units of Human Capital • ? ? [0, 1] ? Fraction of..
A can manufacturing company produces and sells three different types of cans: Versions X, Y, andZ. Ahigh-level, simpli fiedpro fit/lossstatementforthecompanyisprovidedhere. Corporate overhead (rent, general and administrative expense, etc.)
Markets reward individuals according to their output; communism rewards people according to their needs. How might these different systems affect work effort?
Over the last one year the Four Winds Novelty Corporation has recorded its internet sales and its monthly total variable costs for a particular novelty item as demonstrate in the following table.
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