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Discuss how the industrial union graphic increase wage rates. List two industrial unions.
The local space museum has hired you to assist in setting admission prices. As the manager, you recognize that there are two distinct demand curves for admission. One applies to people ages 15 to 64 whereas the other is for children and senior citize..
briefly state the basic characteristics of pure competition pure monopoly monopolistic competition and oligopoly. under
Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium on a clearly labled graph. Label the equilibrium point A. be sure to include the short-run and long-run aggregate supply. The central bank raises the money s..
The market for bread in Brooklyn, NY is characterized by perfect competition. Firms and consumers are price takers and in the long run there is free entry.
Suppose that the industry is not perfectly competitive. Rather, competition is characterized by Cournot competition with n symmetric producers. Suppose that the demand function for pigs is p=100-Q, where Q is total production.
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price.
bad breath inc sells its output at 1 per unit into competitive markets. bad breaths factory is the only employer or
explain how interest rates impact the availability of investment capital
Minimum wage legislation requires most firms to pay workers no less than the legislated minimum wage per hour. Using marginal productivity theory, explain how a change in minimum wage affects the employment of unskilled labor?
Analyze the extent of Amazon's ability to learn and change. Analyze any successes and/or failures Amazon has experienced with implementing significant changes.
How would the reduction in the number of immigrant workers affects the economy in the short-term (Use IS-LM framework and graphs)
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