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In each case below, please identify the effect on the market for coal and mention briefly the mechanism yielding to this effect.
a. The development of a new, lower cost mining technique
b. An increase in wages paid to coal miners
c. The imposition of a $2 per ton tax on coal
d. A widespread news report that demand for coal will be much lower next year
e. A new government regulation requiring air purifiers in all work areas
What role does depreciation play in the Solow growth model? How would a decrease in the rate of depreciation (?) change the steady state level of capital and output? Illustrate using a diagram of the Solow Equilibrium. How would the model’s conclusio..
Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals.
How many people should the owner hire if he pays each worker $6/hour? c. Suppose he considers hiring students on a part-time basis for $4/hour.
We know a car can be had for 60 monthly payments of $399. The dealer has set us a nominal interest rate of 4.5% compounded daily. What is the purchase price before interest?
Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unaccounted for disparities?
What would happen to the equilibrium price and quantity of latte´s if coffee shops began using a machine that reduced the amount of labor necessary to produce steamed milk, which is used to make latte´s, and scientists discovered that latte´s cause h..
Phil's Copy Studio pays its workers $60 per day and sells poster-size copies for $10 per print. Now suppose during the holiday season the price of poster-size copies increases to $12. What happens?
What will the effects of the tax be in the short run on industry output and price. Will the price rise by the full ?ve cents in the short run.
A consumer's reservation price is the price at which a:
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
ASW Publishing, Inc., a small publisher of college textbooks, must make a decision regarding which books to publish next year. The books under consideration are listed in the following table, along with the projected three-year sales expected from ea..
Why might a money lender who relies on threat of cutting off future credit to enforce repayment of current loans be less willing to make a loan to an individual that plans to invest money productively.
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