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Collapse What are the ethical implications of federal minimum wage? Who does it help and who does it harm? Does raising the current level of the minimum wage increase unemployment, drive business away, or harm the very poor? Will a higher minimum wage raise the standard of living and buying power of the wage earners?
Assume that there are two types of consumers. In particular, consumers of type 1 has utility function u(x, y) = x^0.5 y^0.5, whereas consumer of type 2 has u(x, y) = x^0.3 y^0.7. Both of them have income given by I>0, and the prices denoted are by PX..
Two examples of price discrimination? and Think about a firm and its investments. Describe different types of capital. Describe the behavior of oligopolistic firm. how does the firm use Game Theory? define and explain the two types of game theory ass..
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
Given the information above, is the British pound selling at a premium or discount? How much (round to two decimal places, e.g. 1.35%)? Is Interest Rate Parity (IRP) holding? Why or why not? Explain in an essay, and show a calculation to support your..
Limit pricing will effectively deter entry when:
q1. labor costs 12 per hour. nine workers produce 180 bushels of product per hour whereas 10 workers produce 196
During the industrial revolution:
Explain how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure measured? What is a typical form of government intervention to correct it? How effective is this type of intervention?
I am looking at about 50 companies over a five year period. I need a measure for total shareholder wealth that is relatively easy to compute.
Assume the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For each level of output, elucidate which technology is cheapest.
Suppose that the marginal cost of producing output, q, in the short-run for a competitive firm is MC = 10 + 8q. The market price of the firm’s product is $25. a. What level of output will the firm produce to maximize its profits?
An economist estimated that the cost function of a single-product firm is: C(Q) = 110 + 20Q + 30Q2 + 10Q3.
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