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An increase in the wage faced by a household will lead to less labour supplied by that household if and only if leisure is considered to be a normal good.
Suppose the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For every level of output, which technology is cheapest.
In the victorian era after a dinner, the men would have gone on to the smoking room for alcohol and cigars, but what would the women do for the rest of the night? I would imagine they didn't stay the night, so did the women who didn't live in the hou..
Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand function is Qd = 10000 − 100P where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. What is Joe’s best response function..
In 1885, first class postage for a one-ounce letter cost $0.02. The same postage in 2015 costs $0.49. What compounded annual increase in the cost of first class postage has been experienced over this period of time?
The council members of a small town have decided that the earth levee that protects the town flooding should be rebuilt and strengthened.
Policymakers sometimes propose laws requiring firms to give workers certain fringe benefits, such as health insurance or paid parental leave. Let's consider the effects of such a policy on the labor market. Why might the labor-supply surve shift in r..
Suppose there are 30 identical hot pretzel stands operating in New York City. Each stand has usual U-shaped average-total-cost curve. Market demand curve for pretzels slopes downward and market for pretzels is in long-run competitive equilibrium.
Illustrate what would be a simple options strategy utilizing a put and a call to exploit your conviction about the stock price"s future movement.
If wheat prices in Kansas decrease by $23/cwt in October, what would you expect to happen to wheat prices in Missouri? How would wheat consumers?
In a sample of 246 flights, 10 were delayed due to severe weather and 4 were delayed for unexpected maintenance problems. construct a 95% confidence interval
If the banking system has a required reserve ratio of 10%, then the money multiplier is: ______ If Bank A receives a $10,000 deposit and the reserve requirement is 10%, how much does Bank A have available to loan out? __________
Which of the following best describes the opportunity cost of one year of college?
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