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Solve the labour supply model, replace the utility function
u(c,1-l)=log(c)+log(1-l) with:
(a) u(c,1-l)=log(c)+b*(1-l), where b is a positive constant;
(b) u(c,1-l)=sqrt(c)+sqrt(1-l).
In each, how does the labour supply depend on the wage? How does it compare to the log utility model? Explain.
The political stability of countries has an impact on the foreign exchange market. When a country's import spending exceeds the value of its exports, the country is experiencing a:
q1. americans already enjoy living standards that far exceed world averages. do we have enough? should we even try to
Demonstrate a critical understanding of the standardization vs adaptation debate in International Marketing. Make reference to positives and negatives from organisational and consumer perspectives.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
A company owns a 8-year old gear hobber that has a book value of $62,000. The present market value of the hobber is $86,000. A new gear hobber can be purchased for $465,000. Using an outsider’s point of view, what is the net first cost of purchasing ..
Suppose a linear demand function is estimated for good x as, Qd = 100 – 4*Px + 6*Py + M. where Px = $4, Py = $2, and M =10. M is the average income of consumers, measured in thousands of dollars. What is the price elasticity of good x?
Mary leaves her job as network administrator to start her own consulting business. In her old job, she was paid $80,000 per year. In her first year, her consulting business had revenue of $100,000 with just $30,000 in expenses. What is the firm’s tot..
If the market for grapefruit is in equilibrium without any outside intervention to change the equilibrium price:
Within the next year? Over the long term. Elucidate what resources does he have at his disposal to enhance the reputation of the firm and turn it round.
Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in
A pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. Experts from the company have estimated the market for the drug and thus the potential revenues for the drug are knows, but the relevant costs are ..
Suppose a monopolist produces at constant marginal cost and is able to discriminate between two groups of consumers. The demand in each group is linear. Would the monopolist discriminate (charge different prices to the two groups) if the slope of eac..
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