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Suppose that the legislature in this northern state passes laws that make it easy for workers to join a union. Through collective bargaining, the union negotiates a wage of $12.50 per hour. How many union workers are employed?
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
What are the optimal penal codes if there are two firms, competition is Bertrand, marginal costs are equal, and capacity is unlimited? Explain why a firm might prefer a meet-or-release MCC to a no-release MCC.
What is hedging? Explain how Volkswagen's failure to fully protect itself against foreign exchange fluctuations had a negative effect on the company?
Graphically elucidate the derived storage function and carefully explain and show how you determined the location of the two intercepts of the function.
If the firm produces 450 boots, then the firm's total cost is more than $90,000t, true or false?
Suppose you estimate the following cost equation: AVC = 4832 – 0.5(Q) + 0.00007(Q)2 At what quantity is AVC minimized Suppose this firm sells 3500 units per month at a price of $4000.00 each and has fixed costs of $10,000 per month. What is the firm’..
Micro surfacing is part of a pavement restoration and maintenance program that seals the surface of a street that has minor cracking to prevent water from penetrating into the base material. The annual cost of the equipment (truck, tank, valves, etc...
You are given the following information about a firm's investment decision. Calculate its user cost of capital (equivalently rental cost of capital). (Round to the nearest dollar)
New entrants into an industry often find that they must advertise heavily in order to have even a chance of success. Does this mean that advertising is a barrier to entry? What advantage does advertising play? Be sure to answer this question by inclu..
Suggest the efficient choice between the Liability Rules and Property Rights for the context/situation wherein
"Cultures around the world are becoming increasingly similar, so companies should standardize both their products and global marketing efforts." Do you agree or disagree with this reasoning? Are there certain industries for which it might be more ..
Suppose that the government decides to increase G. Using a diagram, determine the equilibrium e acts of this shock on aggregate output, consumption, employment, and the real wage. Show that increasing G can potentially increase welfare. Compare your ..
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