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Lisa operates her own business and pays herself a salary of £20,000 per year. She is offered a job that pays £30,000 per year. What is the opportunity cost of Lisa's time in the business?:
This question deals with the application of microeconomic theory to labor markets. What is the difference between the perfect competitior's value of the marginal product of labor and the imperfect competitor's marginal revuenue product of labor curve..
How could South Koreas long run rate growth of real GDP per capita shrink to or below zero if it's long term rate of total real GDP growth were to drop to nearly zero? (Hint: what is the difference between the rate of the economic growth rate and the..
What would be the effective rate of protection on bicycles in China if China places a 50 percent tariff on bicycles, which have a world price of $200, and no tariff on bike components, which together have a world price of $100?
Assume that marginal propensity to consume is constant at 1/2 and breakeven point is $8,000. If income is $10,000, n how much will be consumed and how much will be saved.
Government control of price, output, entry of new firms, and quality of service in industries where monopoly appears desirable are known as
Based on the collected data analyze the current macroeconomic situation and its impact on walmart and starbucks. Explore in particular illustrate how the two companies' respond to the macroeconomic conditions in terms of their:
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
The 2017 financial statements for Growth Industries are presented below.
Should Madrigal Electromotive GmbH buy this advertising? Why or Why not?
The W Company is a member of the beef industry, which is perfectly competitive. The price of a beef is $60. The firm’s total cost function is TC = 100 + 10Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output. What output maximizes profi..
Suppose that your great-great-grandmother put $50 in a savings account 100 years ago and the account is now worth $1,600. Use the rule of 70 to determine about what interest rate she earned. show work, please.
Discuss the validity and, where appropriate, the invalidity of each of the following statements, using examples to support your claims. A monetary policy that aims to minimize fluctuations in interest rates promotes financial market stability and thu..
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