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In a small, rural community, the aggregate labor supply curve is given by L^s = -40 + 10w and aggregate labor demand by L^D = 160-10w, were w is the hourly wage rate. After a national story about the quality of life in the small town, migration shifts out the labor supply curve. The new aggregate labor supply curve is L^s = -20 + 10w. Calculate the economic rent before and after the national story. Are workers, collectively, better or worse off?
Which of the following government actions promotes monopolistic behavior?
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
A storm destroys half the fava bean crop. Is this event more likely to hurt fava bean farmers if the demand for fava beans is very elastic or very inelastic?
q1. discuss the problems of measuring productivity in actual work situations. how might productivity be measured for
Suppose without trade, country A produces and consumes 100 units of widgets at a price of $10 each. Illustrate what is the total gain or loss from trade for country A.
When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply? When the wage rate rose from $6.25 per ..
In the move from a below equilibrium interest rate to the equilibrium interest rate, what happens in the bond market and the loan market? In the move from an above equilibrium interest rate to the equilibrium interest rate, what happens in the bond m..
Suppose an individual’s utility is expressed as U=x^(1/2)y^(1/2)and their constraint is represented by the following: 2x+3y=B=100. What level of x and y should the individual consume to maximize utility? What is utility at the optimal level of consum..
What is the rationale behind the choice of target or acquirer, if appropriate for your opening bid and your overall bidding strategy.
Romer Model Consider an endogenous growth model-Use equation (2) to solve for the growth rate of technology ga Your answer should only include l, z, N. Use your answer in part (a) and A0 to write an equation that determines what At would be for any t..
Evaluate if the company made any mistakes in its decisions over time, and recommend any changes or improvements for the future operations. Refer to the financial reports when making specific observations or recommendations.
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
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