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The Future Flight Corporation manufactures a variety of frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar frisbees from $3.49 to $2.29. Future Flight noticed that its sales declined to 7,000 units per month after the price cut.
firm discriminates against females with a discrimination coefficient of 1.7. How many male workers will be hired?
she a reservation wage of $1,500 so that wage package is W = 1,500 + .2 Q where the CEO sets the incentive at .2 and Q = 200 e. If the CEO increases the incentive from .2 to .25, what happens to the Nelson's effort? Will profits rise or fall?
If the fed begins shifting the ad curve rightward at a faster rate than in the past, the short-run effect is a
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%.
One morning the Open Market Account Manager at the New York Federal Reserve Bank discovers that the effective (equilibrium) market federal funds rate is 1.25%. Suppose the target federal funds rate is 2%. What does this indicate?
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
Joey, David, Tracy, and Surly own one track bicycle apiece, and they\'ve each modified to sell them as fixed-gear bikes or \"fixies.\" Joey is willing to sell his bike at $100 or more. Likewise, David will sell his fixie for $150, Tracy at $200, and ..
The Occupational Safety and Health Administration promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards ..
q. in class we discussed the idea that small farmers are sometimes price takers i.e. the price of wheat are set in the
What trade-offs does the Federal Reserve consider when deciding how rapidly or how slowly to increase the U.S. money supply? What are the dangers of increasing the money supply too slowly? Too rapidly? What factors make it difficult to predict the gr..
When unwanted inventories pile up in the stores, how is production affected? What are the steps in the process?
An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called
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