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Q. Suppose labour demand curve of firm is W= 20 - 0.01 E where w is hourly wage and E is level of employment. Union's utility function is U= WE. Illustrate what wage would a monopoly union demand? Explain how many workers would be employed under union contract?
Sketch a graph which shows the lost gains from trade that result from having a monopoly.
Compute the (point) price elasticity of demand when price is $700. Is demand elastic or inelastic. Find the point at which point elasticity is equal to -1.
Assume that PY increases by 15%, what percentage effect on quantity demanded of product X could be expected.
Explain why a weaker dollar could involve the UK balance of trade deficit.
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet of the following balance sheet.
Fully evaluate these regression results, including computation of t-statistics, adjusted R2, and the F-statistic.
The marginal damages(costs) associated with that function are MD=2Q+2. Sketch a graph what the marginal benefits and marginal damage curves.
These options also sell for $3 each. Strategy C is to establish a zero-cost collar by writing the January calls and buying the January puts.
Illustrate what must the central bank do to keep the peso cost of the dollar equal to Peso 3.4425 subsequent the speculators activities.
Explain the steps that would be used to conduct a Benefit-Cost Analysis of a government policy to alleviate the problem.
Illustrate what are implications for economic analysis if most people don't follow economic decision rule in many aspects of their decisions.
Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery every year also sell them.
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