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Ponder this immigration reform: US citizens are given the right to sell their citizenship to whomever they choose at whatever price they can get. Someone who has sold her US citizenship is no longer permitted to remain in the US without an appropriate visa, or to work in the US without an appropriate visa. Someone who has bought US citizenship may live and work in the US and enjoy all the privileges and benefits or US citizenship (as well as being responsible for all the duties). All transactions involving US citizenship have to be recorded by the government (just as deeds and mortgages for real estate are now recorded). Give one argument in favor of this reform. Give one argument against this reform.
q1. if the marginal cost of planting and harvesting an acre is 7000 per acre for each of the five acres how many acres
Harry values a new jacket at $100 and buys it from Jenny at $80 (costing her $70 to produce it). Jim then offers Harry the same jacket at $60. Harry buys the jacket from Jim, and stops buying it from Jenny. Which of the following makes this event Par..
If there are no fixed costs of production, in the long run, the perfectly-competitive firm will produce
The more narrowly we define a good, the easier it is to find substitutes, and
If Jane gets one year of college she will earn $20 per hour. If Jane gets two years of college she will earn $22 per hour. If Jane gets three years of college, she will earn $24 per hour. If Jane finishes college, she will earn $25 per hour. Jane’s d..
Why a favorable shock to the production function tends to reduce the price level, P. How could the monetary authority prevent this fall in P.
How does the standard product of labor change when the industry utilizes 81 units of labor.
You put $20,000 on deposit on your 30th birthday at 5% compounded annually. On your 40th birthday, the account begins earning 6%. Then on your 50th birthday, it begins earning 7%. You plan to withdraw equal annual amounts on your 61st, 62nd, . . . , ..
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
When the average product is decreasing, then marginal product
Also assume that the per unit cost of capital is $10. Since the firm has two units of capital, the firm's total fixed cost is $20. Also assume that the cost of each unit of labor is $50. What is the average total cost when two units of labor (L) a..
Draw the opportunity set of a consumer with an income of $1200 who faces prices of Px = 10 and Py = 5. What is the market rate of substitution between the two goods?
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