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Draw diagrams to show the gains and losses from international migration for the migrants, and workers and consumers in the sending and receiving countries. Show the effects on producer and consumer surplus and total welfare in each country. Assume that labor is homogeneous and that migrants like high incomes and also like living close to their friends and families.
Please take a few days to help me conduct a research on the history of crude oil prices and give me a 100-150 word essay on how recent crude oil prices are affecting gasoline prices at the pump or gas stations
q1. mary kay ash was one of the first individuals who sold cosmetics directly to customers via independent sales
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capital is rented at $9 per hour. If the marginal product of labor is 40 units of output per hour and the marginal product of ..
Many small businesses use Secondary data due to the low cost. However, we should also reflect that primary data can be collected by engaging with your customers and asking or watching what they do. The WalMart founder was famous for doing just that. ..
The length of pregnancies are normally distributed with a mean of 268 days and a standard deviation of 15 days. What fraction of pregnancies fall within ±10 days from the mean length of pregnancies? What middle interval (of days) includes 0.95 fracti..
Consider a monopsonist in the labor market. Let the labor supply be given by L = 4w, where L is the employment level, and w is the wage rate. Suppose that the monopsonist has the production function F(L) = √ L. What is the wage rate and employment l..
The problem is that the professors also want to attend the party and enjoy the music with the students but they can only attend if they agree to serve beer to the students. Normally, professors do not like this. The marginal cost to them is 200.
The difference between the number of workers employed if the economy was opera ting at full employment and the number of workers currently employed given aggregate expenditures is known as a. cyclical unemployment b. frictional unemployment c. struct..
The slope of the trade line is equal to the average of all possible trading prices. world price of the good on the horizontal axis. world price of the good on the vertical axis. productivity of labor in producing the good on the horizontal axis. oppo..
The firm’s problem is to choose the quantity that maximizes profit, given an exogenous market price P. (b) Does this problem satisfy the global second order condition? Calculate the firm’s highest attainable profit. Calculate the firm’s profit-maximi..
What is the allowable depletion charge using the percentage depletion method for year 1 only of the salt mine investment described below. The applicable rate for the percentage depletion method is 10%. Cost to acquire mine rights = $30,000
International trade in services is determined by what factors? Although tariffs may improve the welfare of a single nation, the world's welfare may decline. Under what conditions would this be true? Concerning international dumping, distinguish betwe..
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