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Question
Suppose a particular labor market were in market-clearing equilibrium. What could happen to cause the equilibrium wage to fall? Suppose price levels were rising each year, but money wages were "sticky downward" and never fell. How would real wages in this market adjust?
q1. firms with costs c q2 36 face demand p 24 - nq and behave under the rules of monopolistic competition. compute
Provide TWO (2) reason why it is said wineries that are looking to make an impact in China must create a strong digital strategy." In your opinion, do you think digital strategy is suitable for a luxury industry like the wine market?
Have you or anyone in your family or immediate friends been impacted by ACA (affordable care act)? If yes, who and how? What will the impact be on them if ACA
Explain how the introduction of new goods might bias the calculation of the consumer price index. Why is there a lag between the Fed’s actions and the economy’s response? Why is there a lag between the Fed’s actions and the economy’s response?
What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?
In the 1980s, Progressive was a small auto insurance company that sold most of its policies to people who had poor driving records and could not qualify for the standard rate policies sold by other insurers. Progressive charged higher premiums for th..
Assume income is constant, Px decreases to 1.5, and Py decreases to 0.75. This change in prices is equivalent to changing income by what dollar amount?
Often times, we believe that multiple regressions can unlock the secrets of any behavior. What are some of the barriers toward realizing this goal?
An asset with a first cost of $100,000 is depreciated over 5-year period. It is expected to have a $10,000 salvage value at the end of 5 years. Using the straight-line method, what is the book value at the end of year 2?
Would it ever be rational for a firm to retain an employee whose current marginal revenue product is less than her current wage? Explain.
Suppose housing (H) and air quality (A) are the only two things entering into Aaron's utility and the utility function is U(H, A) = A ∗ H. Suppose Aaron's income is $10 and the price of housing is $2. (a) Air quality is a non-excludable, public good ..
What are other types of price discrimination, their conditions and their relevance in a digital economy?
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