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Use the marginal productivity theory of labour demand to predict the impact on the firm's labour demand of the following events. Explain why the change occurs.
1. An increase in the price of the firm's output.
2. The conversion of the firm from a perfectly competitive to a monopolistic firm.
Which of following statements is true of a monopoly firm. Drug companies are engaging in price discrimination, but this might improve global social welfare if it gives more people access to drugs
Calculate the following: Rate of Return and Calculate the following: Net Present Value Index
How do mandated benefits affect labor market outcomes? Why do these outcomes differ from those resulting from a payroll tax? What is the deadweight loss arising from mandated benefits?
Minimum areas to discuss includes: the GDP, GDP by Sector, GDP per capita, employment by sector, major industries, unemployment, labor force by age, education, governmental structure and money system, trade, foreign direct investment, national debt, ..
Find a Supreme Court case that deals with a constitutional issue (either pending or already decide d•Briefly describe the issue. Do you agree with the Court’s decision (or if it hasn’t been decided how do you think the case should be decided)? Why or..
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
What is the present value for the following cases? A series of 9 monthly payments starting at $400 in the first month increasing by $100 every month with an interest rate of 6% compounded monthly. A series of 11 monthly payments starting at $200 in t..
How can companies plan their pricing strategies? Explain in detail or give an example. What is “temporal price discrimination”? Give an example of it. Explain the case of Coca-Cola’s pricing discrimination scheme that occurred in the past and had a p..
How do the salaries of major league baseball rookies and free agents demonstrate the market principles of supply and demand?
Graphically show how increasing the severity of punishment for homicide, by imposing the death penalty in Canada, could impact the number of homicides that occur in Canada. Why would the elasticity of the aggregate crime curve matter and, based on..
Don is considering buying a truck at a cost of $30,000. He is planning to keep the truck for four years and is hoping that the truck will sell for $10,000 at the end of year 4. He estimates that the insurance and maintenance costs will be $2,000 in y..
label a level of population at which the population is expected to decline. Why is the population dexlining at this point?
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