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If demand of new housing has continually increased together with the number of new houses built, what is the impact on the market price and quantity of new houses?
How does a firm’s production function help us understand the impact of capital deepening? Which types of industries experience the greatest (least) productivity growth from capital deepening?
Consider a small town that is served by two grocery stores, White and Gray. Each store must decide whether it will remain open on Sundays or whether it will close on that day. Does either firm have a dominate strategy? Is there a dominant strategy eq..
A worker making 20$ per hour decides to take unpaid leave from work to attend a graduation ceremony. Assuming the worker works an 8 hour day has a total tax rate of 70% and receives a 5% contribution from his employer to his 401k, what is the worker'..
The management of an electronics manufacturing firm believes it is desirable to automate its production facility. The automated equipment would
Madeline? Thimmes's Dream Store sells water beds and assorted supplies. Her best-selling bed has an annual demand of 395 units. Ordering cost is $35; holding cost is $5 per unit per year. To minimize the total cost, how many units should be ordered e..
From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:
This PDF printer is quite expensive. Explain why this PDF printer is not necessary for Windows 10.
its marginal costs are below total average costs. If it creates an additional watch where its average total costs rise -fall or stay the same.
Calculate the own price elasticity of demand at this values of prices, income, and advertising.
What is the marginal product of labor? How much L to use to maximize the marginal product of labor?
Why would workers be more likely to accept a real wage cut that arises from increase in CPI than a nominal wage rate? Does inflation influence a workers wage rate?
President Obama signed the Economic Stimulus Package in February 2009. Discuss the reasons for implementation lag in this example.
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