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Assume that a trade union is important in a particular labour market.
(a) Draw a sketch diagram and use it to show how the union might be able to raise wages without reducing employment.
(b) What will determine the ability of the union to achieve the outcome in (a)?
How is full-employment output, Y, determined in the Keynesian model with efficiency wages? In this model, how is full-employment output affected by changes in productivity (supply shocks)? How is it affected by changes in labor supply?
Unfortunately, the BPAs dams block the paths of migrating fish, contributing to the decline of several species. Suppose that BPA spends $100 million to make its hydroelectric dams less hazardous for migrating fish. Who will bear the cost of this p..
Examine the major complexities that would arise under expansion via capital projects. Propose key actions that the company could take in order to prevent or address these complexities.
Many factors influence a plant's uptake of boron from the soil, but one key factor is soil type. One experiment† compared plant content C of boron, in parts per million, with the amount B, in parts per million, of water-soluble boron in the soil.
Fit the logarithmic form of your demand function for your category of expenditure for the periods 1959-1990 and 1959-1994 and perform the Chow test of predictive failure.
Describe the economic functions (if any) of the privity doctrine in products liability and the fellow servant rule in workplace liability. What was the rationale for their elimination?
what economic factors should Moots consider to make its decision? Which market do you expect will be more lucrative for Moots? Why?
She can, however, get insurance that would completely reimburse to her the $100,000 if her ring was stolen. What is the largest premium she would be willing to pay if her U-function is : (i) U = Y1/4 (ii) U = Y4 (iii) U = Y where Y denotes the amo..
Using the documents determine why was it Europe, and not anyone else, who explored and conquered the Americas?
A monopolistically competitive firm produces a level of output at which price equals $80, marginal revenue equals $40, average total cost equals $100, marginal cost equals $40, and average fixed costs equals $10.
At what amount of labor input are the firm's average and marginal product of labor equal? Confirm that the average and marginal product curves satisfy the relationship discussed in the text.
Maureen Laird is the chief financial officer for the Alva Electric Co., a major public utility in the midwest. The company has scheduled the construction of new hydroelectric plants 5, 10, and 20 years from now to meet the needs of the growing pop..
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