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Give specific examples and discuss how diminishing marginal productivity affect marginal revenues and profits of firms.
Suppose your friend is considering quitting school to take a well-paying job. One day she says to you, "Friend, I'm not sure what to do. I've put so many months into the bachelor's program. It doesn't make sense to give up now, does it?" Considering ..
Fed's policies both in terms of the positive also negative consequences of such policies also in relation to the Keynesian also classical theories.
Omi and Winant say that race is a social concept, not a biological one. Explain this idea and how it relates to the readings by Brodkin, Ngai, Sethi, Portes
What about businesses - do they have a role in ensuring the law is fulfilling its purpose?
XBC Inc. is planning to buy a new car. Model A costs $22,000 and is expected to have a life of 4 years. Model B costs $35,000 but it is expected to last 6 years. Model B provides a better warranty and it will save the company an average of $1,000 per..
Suppose the government were to decide to increase tax rates and cut spending. If the Federal Reserve was feeling rebellious and disagreed with those policy choices, what actions could they take to offset the expected effects? Briefly explain.
Suppose that you have the opportunity to accept two different jobs. The first one pays you $75,000 with certainty and the second one has a 25% chance of paying you $125,000 and a 75% chance of paying you $50,000. Your utility function is U = Y^0.5. W..
Compare and contrast some of the more traditional methods of policing with the more proactive and advanced modern methods of policing.
What happens to the number of workers employed after the tax is imposed.
A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. If workers can be hired for $40 per day and the average meal is $6,..
If an individual earns an overtime pay for over 8 hours of work, then how can this be depicted in the standard income-leisure model? In case of higher wages for overtime work is the theory of backward bending labor supply curve always violated? Assum..
Can you make paragraph about "How does one join a sorority or fraternity?" And then a full page on the same subject?
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