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Why would an employer be reluctant to hire a person for a job that entailed a considerable amount of specific on-the-job trainning if the person had a high probability of leaving the firm after a year of two? How can this help explain the flatter age/earnings profile of female workers relative to male workers?
(Problem taken from Kaufman and Hotchkiss " The Economics of Labor Markets")
How many bushels will each of the farmer’s five acres produce? How much revenue will each acre generate? What are the TR and MR for each acre?
Economic theory would suggest that the profitability of an industry would be
q.3-42 jim vendors is viewing about manufacturing a new type of electric razor for men. if advertise were favorable he
Assume that you recently graduated and landed a job as a financial planner with Cicero Services, an investment advisory company. Your first client recently inherited some assets and has asked you to evaluate them. The client presently owns a bond por..
Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.
q.how to calculate the elasticity coefficient between each of the seven prices and indicate whether the character of
The right to vote of women is easily one of the greatest victories of Progressive reformers. Since women represented just over 50% of the population, it's fair to say that until women gained the right to vote the United States was not a truly a democ..
Why is it difficult to analyze the welfare implications of growth in the neoclassical model? What proxy is often used to reach a conclusion about the effects of growth? What leads to the conclusion that, if welfare is to improve with growth in the la..
The minimum efficient scale for running a food truck is 50 orders per day. If students typically place 1000 orders at local food trucks, how many food trucks would you expect to see on campus? If a food truck was only selling 30 orders per day, would..
Calculate the over all MC for the 1st 10 units of output also Specify where each successive unit will be produced.
We discussed similarities between solutions, or potential solutions, to overfishing and global warming. In a short paragraph, describe that solution (or solutions) and explain, briefly, how it, or they, would work.
A consumer has preferences between two goods, hamburgers (measured by H) and milkshakes (measured by M). His preferences over the two goods are represented by the utility function U = √H + √M. For this utility function MUH = 1/(2√H) and MUM = 1/(2√M)..
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