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Suppose the rural wage is $4, the urban wage is $10, and the probability of finding a job in the urban area is 50%. Will we observe positive levels of migration from the rural to the urban area? Explain your answer.
Suppose you work for a US based soybean manufacturing company which supplies soybeans to other countries, among which are China and Nigeria.
You are evaluating two different silicon milling machines:
A researcher is using data for a sample of 274 male employees to investigate the relationship between hourly wage rates Yi (measured in dollars per hour) and firm tenure Xi (measured in years). Preliminary analysis of the sample data produces the fol..
q. the article states growth in the export sector has been one factor contributing to overall growth. how would we
Assume good "X" is produced in a monopolistically competitive market. In addition, each of the firms in the industry uses essentially the same technology.
Loan has a long amortization period with a fixed interest rate. Will the interest paid in the later years be equal to the interest paid in the earlier years?
Explain the mistake in the following statement: "consumers make certain the utility they are getting from all different consumption goods is equal."
If the first ball drawn is marked 3, compute the expected value of the number drawn from the second drawing.
The equation to determine total costs is:
The investment will cost you $ 8,573 today. If the appropriate Cost of Capital is 11.0 %, what is the Net present Value of the investment?
In the language of economics, we describe an industry that requires very high capital costs for overhead to have a high "barrier to entry" and it is considered a competitive advantage. Can you describe what that is the case?
Social responsibility other than to make as much money for their stockholders as possible. Explain why you agree or disagree with such a statement.
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