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Question: Predict how each of the following events will raise or lower the equilibrium wage and quantity of coal miners in West Virginia. In each case, sketch a demand and supply diagram to illustrate your answer.
a. The price of oil rises.
b. New coal-mining equipment is invented that is cheap and requires few workers to run.
c. Several major companies that do not mine coal open factories in West Virginia, offering a lot of well-paid jobs.
d. Government imposes costly new regulations to make coal-mining a safer job.
Suppose you are one of these firms, and there are three ways you could play the game: (i) Both firms set price at the same time. (ii) You set price first. (iii) Your competitor sets price first. If you could choose among these options, which would..
Topic : Emissions Trading system or the carbon tax as a government price control. - Writing 1 body paragraph which analyse and identify the topic clearly. - Providing at least 3 journal articles or academic sources to support the evidence include (..
If banks desire to increase their lending, but the Federal Reserve is not adding reserves to the banking system, what will happen to the level of short term interest rates? Explain your answer carefully.
The economy is experiencing a contraction (recessionary gap) of $400 billion. What government spending stimulus would you recommend to move the economy back to full employment if the MPC is 0.75? Would your policy be any different if the MPC were 0.6..
Find the Herfindahl index for an industry composed of (a)three firms-one with 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; (b) one firm with a 50 percent share of the market and 10 other equalized fi..
Discuss the new equilibrium price and quantity that result from these changes. Can you demonstrate some of these changes graphically?
Report on Quality Performance Results in New York State, the latest report card issued by the New York State Department of Health, 2013, and incorporate the information into your evaluation.
Presume that the Malaysian ringgit is pegged to the US dollar at 2.5 ringgit/$. The central bank of Malaysia has $1 billion of international reserves left. Malaysian banks offer short term loans and deposits for any amount at an interest rate of 10 p..
How would each of the following events affect the supply of compact cars? The price of steel rises. The production technology for car manufacturing improves.
What is the median-voter model and what are two implications from it and evaluate: "A tax system in which those with higher incomes pay higher amounts of taxes is progressive."
How can keywords be used to increase the profile of site? How will you get customers to link or like various posts on the AERN site?
Is financial information a good tool for performance evaluations (individual and organizational)? If so, do you advocate a specific format? If not, what do you suggest?
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