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Q. If a firm faces a shortage of workers with very special skills, it may decide to undertake necessary training itself. if on the other hand it faces a shortage of unskilled workers, it may well off a small wage increase in order to obtain the extra labour. in the first case it is responding to an increase in demand for labor by attempting to shift the supply curve. in the second case it is merely allowing a movement allong the supply curve.a. use a diagram to illustrate each case.b. outline reasons why the marginal revenue product differs between workers in different jobs.
Your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
Use the B/C method to determine which should be selected at a discount rate of 0.75% per month over a 6-year study period.
Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
While the population variances are unknown, we will assume they are equal.
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
Given a normal population whose mean is 50 and whose standard deviation is 10. Find the probability that a random sample of 4 has a mean between 49 and 52.
state whether each of the following events will result in a movement along the demand curve for McDonald's big Mac hamburgers or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the left or th..
Why do you think the compensation plan differ at the two firms. In particular why do you think Kaufmann s pays commission to salespeople, while Parkleigh does not.
Divide the Banzhaf power index by the number of votersin state. Are votersin small states or are votersin big state more powerful, according to this measure.
Select a USA from the Index also bring in additional source material to Explicate its ranking also Explain how it has changed over the last 5-10 years.
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