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The following calculator shows the supply curve for sedans in an imaginary market. For simplicity, assume that all sedans are identical and sell for the same price. Two factors that affect the supply of sedans are the level of technical knowledge- in this case, the speed with which auto-manufacturing robots can fasten bolts, or 'robot speed'-and the wage rate that auto manufacturers must pay their employees. Initially, the graph shows the supply curve when robots can faster 1500 bolts per hour and autoworkers earn $30 per hour.
Consider the previous graph. Suppose that the price of a sedan decreases from $ 26000 to $ 21,000 this would cause the (quantity supplied, or supply) of sedans to increase, which is reflected on the graph by a (shift of or movement along) the supply curve.
Suppose the workers union accepts a pay cut from $ 30 per hour to $ 25 per hour. Assuming that the robot speed remains the same, This causes a (rightward shift of, leftward movement along, rightward movement along, leftward shift of( the supply curve. This is because the pay cut makes cars (more fashionable, safer, less expensive to build, more expensive to build)?
To show the gradual development of inflationary pressures in the postwar U.S. economy, and to show why these pressures posed problems for policymakers and also for Keynesian economics.
In the market economy that relies on the law of supply and demand, determine which of the following does not fit with the other:
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixt year. After 2 years service, the company, having surplus profits, r..
The many loopholes present in the federal income tax system prior to the 1986 tax reform caused all of the following except
Home and Foreign both produce cars and food using labor and capital. In each country, labor and capital are both freely mobile across industries. It takes 5 units of labor and 3 units of capital to produce 1 unit of food, and 4 units of labor and 4 u..
A tractor for over-the-road hauling is purchased for $95,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000.00. Calculate the depreciation deduction and the unrecovered investment during each ye..
Now suppose as a result of a mandated increase in the minimum wage the wage increases to $80. What would be the implication of this change for this firm?
Real GDP will increase
what is the optimal number of people she should recruit to help
The compressor is a key component in manufacturing both refrigerators and air-conditioners.
Why does a firm choose to become a multinational corporation? Please if you can put it in your own words. I already googled it and wikid it, alot of terms that I dont understand. In other words "break it down barney style"
Does under presentation of women and racial minorities on the bench hurt justice? Would citizens' views of the fairness of courts improve if more nontraditional people became judges?
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