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Please consider the market (supply and demand) of Uber drivers. The Uber driver supply curve contains all the current and potential employees willing to become Uber drivers (quantity for a given wage as wages are the price of labor).
(a) What kind of market do you believe Uber drivers most closely resemble - perfect competition, oligopoly or monopolistic competition and why? What do you expect will happen to the wage of Uber driver's over the longer term? Is the firm Uber a price maker or a price taker?
(b) Assume Uber faces public concerns over the wages of its drivers. Could the company could enact policies to increase driver salaries, especially given that anyone is free to become an Uber driver? If yes, what would you recommend? If no, why not?
This question may require some research. The US-Mexico Bracero Program was eventually opposed by:
it’s that season again! You have engaged in a market study to categorize your patients’ willingness to pay for their flu shot into 8 equal sized groups: $40, $35, $30, $25, $20, $15, $10, $5). All of your costs are fixed except labor and materials, w..
The following data applies for example problems 8.1 through 8.3. A company is considering the purchase of either machine A or machine B. machine A machine B initial cost $80,000 $100,000 estimated life 20 years 25 years salvage value $20,000 $25,000 ..
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The variables used to measure the economic growth is the labor and capital and the productivity. The amount of labor is measured
Would such a rule cause the number of such lawsuits to increase or decrease (and why)? What is the impact of such lawsuits on the prices that we are charged.
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
Suppose the consumption behavior in problem 1 changes so that C=100+0.9Y, while I remains at 50. Assume an economy without government and without trade. Suppose the Consumption function is given by C=100+0.8Y , whereas I=50.
A student completes his degree and works for a wage rate w. He receives some money from his parents every month to pay for student loans. If there is an increase in his wages (from w1 to w2) then what is the immediate effect on his labor supply? Assu..
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