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a. Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training?
b. Why are workers with good looks paid higher in some jobs, but not in others?
c. A recent report released by the Census and Statistics Department indicates that male workers in Hong Kong, on average, earn more than female workers and the gap of wage differential is widening. Is this evidence of sex discrimination? Justify your answer.
What information would you use to make predictions about the economic demands and probable settlement for a particular union-management negotiation?
Adam Smith rejected utility as a foundation for value. He illustrates this rejection in his famous diamonds and water paradox. Briefly explain how the cognitive switch from total utility to marginal utility resolves this paradox.
An investment advisor has shown you two investments. Which investment would you recommend and why. Submit using a spreadsheet. Bond: Coupon bond with a face value of $50,000 that can be purchased today for $48,000 that matures in 5 years. Its annual ..
What is price of an additional dollar of local spending in each case. Which of two methods do you think would lead to higher levels of local spending on roads. Explain your answer.
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the first ..
An increase in the price of a product (P), along with an increase in the price of an input factor (PI), is certain to lead to an increase in quantity supplied (QS). Indicate whether you believe the statement is True or False, and then briefly explain..
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
choose a product or a product line that comes from a small to medium sized company that may or may not already be
Machine A costs $20,000 to purchase and is worth $5,000 in 6 years. Machine B costs $10,000 to purchase and is worth $2,000 in 4 years. Assume that these machines are needed for 24 years and can be repurchased at the same price in the future. (use 10..
Elucidate why housing is expensive around campus and use the concept of implicit cost to justify students' hesitation to move away from campus.
Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically
Calculate lim x?0- f'(x) and lim x0+ f'(x). Calculate f''(x), and find any inflection points and the intervals on which f(x) is concave up and concave down.
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