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This question concerns labor mobility between countries A and B.
a. Say that country A's MPL = -L + 10 and country B's MPL = 2L + 1. What would be the optimal amount of L? Note: country B's MPL is written in terms of the coordinates of country A.
b. If L was originally 4 (in terms of coordinates of country A), how much does welfare improve when labor migration is allowed?
Explain how some government tax revenue and spending can depend on the state of the economy in your on words?
The supply and demand equations for a hypothetical perfectly competitive market are given through QS=-100+3P and QD = 500 - 2P.
The interest rate on a ten-year Treasury bond is 9.25 percent. A comparable-maturity Aaa-rated corporate bond is yielding 10 percent. Another comparable-maturity, but lower-quality, corporate bond has a yield of 14 percent, which includes a liquidity..
In spite of the fact that firms do not make payments on resources they own, these resources still have an opportunity cost. How is this possible, and
Look at the table above. Several times each week Eli works out at a local health club, but because he is not member, he pays a price of $10 each time he shows up to use the club facilities.
Can you tell whether this firm is in a competitive industry and if the industry is in a long-run equilibrium?
Discuss the contrasting perspectives on the role of Western expansion in the forma- tion of the modern world economy.
Debra listens only to either Frank Zappa or Weird Al Yankovic. She currently purchases 20 Zappa and 30 Yankovic downloads per week. She would forgo Yankovic downloads for one Zappa download at the rate of 2 to 1
Discuss and explain some example of supply and demand that you have observed in the real world. Be do not use the example for the questions below, use something else.
Describe the current monetary and fiscal policies in the United States. Consider including how these policies affect your company and its products and services.
1. Should PJ be increased or decreased to maximize revenue? How do you know? 2. Calculate the elasticity of demand for Joy's beer with respect to PC, T, and AC. 3. Calculate the price range over which the demand for Joy's beer is price elastic.
Describe the trade-offs between audio quality versus transmission rate or file size for MP3 digital audio data format. Please you can include references where necessary.
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