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Question: In contrasting equity and efficiency, why do high-tech firms seem to treat their employees better (better wages, benefits, working environments, vacations, etc.) compared to how landscaping or fast-food franchises treat their employees? Is this fair? Is it efficient?
Assume the market for oil is perfectly competitive, with the following market demand and supply curves: Find the equilibrium price and quantity for this market. Calculate consumer and producer surplus in the competitive equilibrium.
What are your most distinguishing leadership traits? What traits do you strive to learn to develop? As a follower, what leadership approach do you prefer from your leader?
Let Y represent income and L represent hours of leisure. Mike's utility for income and leisure is U(Y,L) = Y x L so that marginal utility of leisure = Y and the marginal utility of income = L. Total hours available for leisure and work in any given w..
If the Federal Reserve announces that it is starting to sell bonds on the Open Market and is considering raising both the discount and federal funds interest rates, what effect would this have on the way a financial intermediary chooses to invest the..
Would integration between the following types of firms constitute a horizontal, a vertical, or a conglomerate merger?
The table below shows information on demand and supply for boxes of 1 dozen water glasses. The lobbyists for the water glass producers persuade the government to establish a price floor of $48 per box. Sketch a diagram of the market for water glasses..
In the labor market, the demand and supply model predicts that new technologies could raise the pay of high-skill labor but reduce the pay of low-skill labor. Explain why and demonstrate your point with a demand and supply diagram.
Consider Solow's model when the production function is Y = 1000K0.3 L0.7 . The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Suppose this economy was in its steady state when unexpectedly Total Facto..
The industries or sectors of the economy in which business cycle fluctuations tend to affect output the most are:
What would be the effect of this efficiency of the market and Its effect on the different market participants - an economic perspective this example of market failure?
Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage and the marginal abatement cost (MAC) are given by: What level of emissions will occur if the chemical factory ..
Use supply and demand analysis to show the effect of decreased income on the equilibrium price of rental homes that is find dp/dY.
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