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Question: Suppose there are 100 workers in the labor market who differ in their innate productivity. Worker I has a value of marginal product equal to $1 per hour; worker 2 has a value of marginal product equal to $2, and so on. One firm decides to pay its workers a time rate of $35 per hour; the other firm decides to pay its workers a piece rate. How will the workers sort themselves across firms? Suppose that a decrease in demand for the firm's output cuts the price of the output by half. How do the workers now sort themselves between the piece-rate and the time-rate firm?
Governments often adopt certain policies in order to promote desired behavior among their citizens. For each of the following policies.
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries
suppose there are two firms with one demand function. this same common demand function is from hwq 1000 - 40p
Perform a web-search to determine the amount of excise tax charged (as at 1 January 2018) on a standard 20 packet of cigarettes
All other factors held constant, what would be the effect on the demand for money (M1) of each of the following situations. Explain the rationale behind your responses.
Comparing with one-factor authentication, two factor authentication provides more protection to the user identity in online services. please compare the three different types of current;y available techniques for second factor regarding password crac..
Discuss which theory of migration does the best job of explaining pattern of migration and why. Please include a bibliography.
Your boss tells you that the price elasticity of demand for hospital services is inelastic and therefore if you change the price there will be no change in the demand for hospital services. Explain whether she is correct or incorrect.
Identify the products target market at home and in your stated foreign market - Indicate the competition of the product category in both home and foreign markets.
Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.
Use the diagram to answer the following questions (a-d). a. At the equilibrium price before the tax is imposed, what area represents consumer surplus? What area represents producer surplus?
A high-pressure pump at a methane gas (biofuel) plant in Memphis costs $30,000 for installation and has an estimated life of 12 years.
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