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Question: Can you think of some reasons why the following examples of time bunching and inter temporal substitution might be true? (Yes, you'll notice that there's a blurry line between the two.)
a. People who work outside work more when the weather is good.
b. People work when others are also working.
c. Even nonreligious people who don't give gifts shop more as Christmas time approaches.
d. Food servers at a restaurant prefer to work the dinner shift. What do all of these examples have to do with the business cycle?
why do keynesian economists believe market forces do not automatically adjust for unemployment and inflation? what is
A steel producer has the production function q=10K^0.75 E^0.25 where q is the quantity of steel, in metric tons, K is the firm's capital stock, and E is the number of labor hours it employs (measured in thousands).
1 consider a firm that has just built a plant which cost 20000. each worker costs 5.00 per hour. based on this
Which of the following market conditions in an oligopoly increase the probability that it will be able to maintain prices well above the competitive market.
Explain the relationship between the price of a resource and the quantity demanded of that resource with reference to supply, demand, and derived demand.
What recommendations do YOU have for marketing firms, so they can enhance their effective marketing strategies in the future?
Utility suppose that the utility function for two products is given by U = x - y, and the budget constraint is 2x + 3y = 120.
find two points on the curve that have a common tangent line. bonus prove that there are only two such points. i have a
Evaluate economic arguments and convey your reasoning to a general audience in writing. The article for this assignment is "$15 Wage in Fast Food Stirs Debate on Effects" by Steven Greenhouse in The New York Times, Published: December 4th 2013.
Consider the market for Idaho potatoes. The supply is very inelastic in the short run since farmers in Idaho cannot increase or decrease the supply of potatoes in the fall since the supply depends on how many seed potatoes they put in the ground i..
Bobby's Burgers is a large restaurant chain with nearly 10,000 units worldwide. It is experiencing incentive problems among its outlet managers. The managers are not working very hard and are letting quality deteriorate at their units. CEO, Bobby Jon..
Use your knowledge of cost functions to save the day (and your friend\'s job) by determining the missing cost data. Round your answers to 2 digits after the decimal. what is the total cost when producing zero units? what is the marginal cost for th..
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