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There is an increasing role of computer and other new information technology in workplace. Computers are also changing the characteristics of work in many ways. Computers and technology is shaping the way we work and alters the balance of power between employers and employees. Do you think computers and other technology limit workplace interactions?
Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then: What is the average variable cost?
Discuss Explain how "Game Theory" can be used to improve strategic decision making in competitive situations.
China and India are two countries that are leading the way in reducing global warming. A market is a logical extension of a decentralized system in which entitlements are assigned and can be traded.. Social efficiency is gained when collective well-..
Nations with corrupt police and court systems typically have lower standard of living as compared to nations with less corruption. Why might that be the case?
Which do you believe is more important for a firm’s financial efficiency and success: economies of scale or the learning curve? Explain and be specific, giving examples, not discussed in class or the textbook, where possible to support your answer.
q.1. as per concepts of production function indicate whether each of the following statements is true or false.
If the price elasticity of demand is E = -1/2, a 10% increase in the price will
Assuming that factor markets are otherwise free and competitive, explain why the higher real wage would fail to increase the share of labor income in national income.
where E represents annual health care expenditures per capita and Y stands for income per capita. Using the slope of the health expenditure function, predict the change in per capita health care expenditures that would result from a $1,000 increase i..
If tax rates stay the same, what will happen to total tax revenue?
The 2008 Congressional farm bill contains subsidies for corn-based ethanol production. Currently, corn grown for ethanol production accounts for 24% of the total corn crop grown in the U.S. How does this subsidy impact the market for corn grown for e..
Anti-trust Measures. Identify a particular market that has experienced government anti-trust efforts or you think should have antitrust efforts. Analyze what type of market structure was in existence at the time of the anti-trust measures or is in cu..
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