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Q1. Assume the labor demand curve of the firm is W= 20 - 0.01 Ewhere w is the hourly wage and E is the level of employment. The Union's utility function is U= WE
Illustrate wage would a monopoly union demand? Explain how many workers would be employed under the union contract?
Q2. Assume which the policymakers in a closed economy want to increase output without changing interest rates. Illustrate kind of policy mix would you recommend? Explicate your answer and the adjustment processes which take place with the help of an IS-LM diagram.
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
If today's production of capital goods exceeds the depreciation of capital.
Explain what were the problems with this corporation from an organizational architecture point of view.
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
Which of the government policies below is not likely to encourage per capita economic growth.
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket.
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
The law of demand states that other things equal
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
Peggy-sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster.
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
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