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Which of the following is NOT a method for unions to seek higher wages?
A. Decreasing the demand for non-union made goods
B. increasing the amount of advertising for union-made goods
C. reducing the amount of training workers obtain
D. increasing worker productivity
What is the relative income hypothesis? Evaluate this statement: “Once income exceeds the subsistence level, individual perceptions of the adequacy of their economic performance depend almost solely on relative as opposed to absolute position.”
To be successful in increasing the price of their product, members of a cartel must:
Under what conditions are cournot and bertrand equilibria the same? You may assume the market demand is p = a - bQ. Consider when firms are identical and different. If not, please explain why.
Briefly list and elaborate on the factors that will be affecting the demand for the following products in the next several years. Do you think these factors will cause the demand to increase or decrease?
deck amp blacker is a maker of small kitchen appliances. its economistsestimated the following demand for toaster oven
Describe how each of following will affect consumption and saving schedules as they relate to GDP or the investment schedule, other things equal,
Assume a competitive market in which a chemical plant emits harmful pollutants into the air. If the firm only considers the marginal cost of production will it produce more than the efficient level of output?
Explain the difference between the demand curve facing the monopoly firm and demand curve facing the perfectly competitive firm.
When a small car ("Economy"-"E") collides with a larger car ("SUV"-"S") passengers in the E are put at greater risk. However, when an E collides with another E damags are minimal, whereas when an SUV collides with another SUV the damages are higher.
6. Flexible exchange rates and foreign macroeconomic policy. Consider an open economy with flexible exchange rates. Let UIP stand for the uncovered interest parity condition.
using a spreadsheet like the following entering formulas for the total revenue and consumers surplus for the total
you have the following information on the marginal benefit and marginal cost of abating emissions of a given
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