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Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels. To illustrate your understanding provide an example. Your answer should be between ½ page and a full page.
The initial steady state level of capital per worker in Macroland is 5. The Golden Rule level of capital per worker in Macroland is 8. What must change in Macroland to achieve the Golden Rule steady state? Why might the Golden Rule steady state be pr..
Unions in the United States are at an all-time low and continuing to decline. Why? What has changed in our working and legal environment that has resulted in this situation?
q.assume there are 100 identical firms in an initially competitive market. market demand is given by p10-q200 and
Elucidate which methods resulted in the most hits. Elucidate which methods resulted in few or no hits.
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
What is being held constant when a demand curve for a specific product (shoes or apples, for example) is constructed? Explain why the demand curve for a product slopes downward to the right.
A monopolist produces a product which has high investment cost. The marginal cost of the product is very small ( negligible ) . The monopolist has a patent for the product. Show in a chart the price of goods that would arise if the company is unregul..
In a situation that occurs only once, if you advertise and your rival advertises, you will each earn $5 million in profits. If neither of you advertises, your rival will make $4 million and you will make $2 million. What is the solution or equilibriu..
The Government of Paraguay considers introducing a tax on pollution. They are thinking to make polluters pay an amount T (tax) for every ton of carbon they emit. If the government does implement the policy, the extra costs imposed on producers will b..
If a policy analyst imputes marginal willingness to pay for environmental quality to be equal to: MWTP = 245- 1.5EQ, where EQ represents a measure of environmental quality, what is the change in consumer surplus associated with an increase in EQ from..
Paula is considering going to law school. If she does, she will spend $60,000 on tuition and books to get a college education (during the first time period), $120,000 on tuition and books to get a law degree (during the second time period), and her l..
Recall the looser pay winner auction experiment done in class. Discuss how these experiments explain why the bidders changed their minds toward wanting to bid well above the value of the prize, even though they refused to do so at the beginning.
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