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Suppose the United States increases the penalties for illegal immigration to include long jail sentences for illegal workers. Analyze the effects of this increased penalty on the wages and employment levels of all affected groups of workers.
What determines the composition of national output? In some cases, we say that there is "consumer sovereignty." meaning that consumers decide how to spend their incomes on the basis of their tastes and market prices. In other cases, decisions are mad..
Suppose prices were p1 = p2 = 1 and income was 10. In the next year the price of good 1 doubled. The price of good 2 stayed the same. Calculate the CPI income adjustment. Calculate the new optimal bundle. And lastly, calculate the amount of the subst..
Discuss some of the decisions that you must make in the short run and what might you consider to be your "fixed factor"
Mississippi Delta, Inc. has been selling switching equipment to computer companies on net 30 terms, in which payment is expected by 30 days from invoice data. Concerned about deteriorating collection patterns, the credit manager has divided customers..
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0. Which strategy profiles are ra..
What assumptions do we make in the long run regarding the velocity of circulation and the relationship between real GDP and potential GDP? (MV=PY)
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
q1. explain why each of the following statements are false. for each write the correct statement.a. a monopolist
According to the monetary policy, the Federal Reserve: sticks to its inflation target and pays little attention to the recessions. raises interest rates whenever unemployment increases. lowers interest rates by selling government bonds or. adjusts in..
What are congestion effects? How can congestion effects be combated? Provide examples in today's contemporary business environment where congestion effects have been experienced and overcome by organizations.
A firm must decide whether to make a component part in-house or to contract it out to an independent supplier. Manufacturing the part requires a nonrecoverable investment in specialized assets. The most efficient suppliers are located in countries wi..
A firm is considering whether the following project should be undertaken if its life is 10 years and it has no salvage value. The firm uses an interest rate of 10% to evaluate engineering projects. The Net Revenue below is dollars per year for the li..
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