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Who Should Draft a Union Contract in Game Theory?
The UAW labor contract with General Dynamics expired in October 2001. In the months preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract. All contracts must be ratified by the union members. Some of the many issues on the table included job security, health benefits, and wages. If you were an executive in charge of human resource issues at General Dynamics, would you be better off
(a) letting the union bear the expense of crafting a document summarizing its desired compensation, or(b) making the union a take-it-or-leave-it offer? Explain.
At level of inflation explain how long does it take for the price level to double.
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
Describe a long-term contract shoeing all necessary steps that the current supplier can offer the buyer that will be attractive to the buyer and will also strengthen the incumbent's monopoly power.
In recent years, consumption spending by households has accounted for about 70% of the total spending (aggregate demand) in the U.S. economy.
If velocity is unchanged and the money supply grows by 13% and the real GDP grows by 4%, what is the rate of inflation?
Explain how have US economic or fiscal policies affected employment rates
The relation among the number of technicians recruited per hour and the number of radiographs produced per hour is shown in the following table.
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
Lisa is a lawyer and there are two tasks that she hates to do, even though her job requires it. Draw a graph with hours reading on the horizontal axis and hours writing on the vertical.
Elucidate that the indirect utility fuction of quasi convex function of prices and income
A firm in perfectly competitive 'industry has this cost function: TC = 900 + q^2-If market demand is QD = 1800 - 20P, what is the long-run equilibrium price, quantity produced by the firm and the industry, and the number of firms in the industry?
A scientist wants to determine the half-life of a certain radioactive substance-Based on the data, what is the half-life?
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