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Methods that are sometimes used by unions to increase wages of union workers.
I. advertising to increase the demand for union-made goods.
II. campaigning against imports
1) I only
2) II only
3) both I and II
4) neither I nor II
Use a budget constraint and indifference curve to show and elucidate how your consumption changes.
Why would elasticity of demand be important to you in determining the products on which the taxes should be levied".
You are the manager of a firm which produces also markets generic type of soft drink in a competitive market.
What are some of the other key roles in the Planning Process.
New buses for a mass-transit agency cost $10 million and are expected to last for 10 years with a $1 million salvage value. The buses cost $500,000 to operate and maintain each year. If the system is used for 624,318 trips per year, with the average ..
As per to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. Elucidate is a company violating the optimality rule.
Illustrate what output does the low point of ATC occur and illustrate what is the ATC at that output. Explain how your calculations.
Why might investment not respond positively to low interest rates during a recession? Why might investment not respond negatively to high interest rates during a boom?
Suppose an economy that is initially at full employment faces a substantial increase in the factor cost of production. Discuss (with the aid of aggregate output market and money market diagrams) the short-run effect on output, unemployment, general p..
How does your answer compare to an economy in which the total amount of the loan is deposited in the banking system and the public does not hold any of the loans in currency?
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Would the consumer prefer to get $100 in food stamps or $100 in cash? You need to justify your answer t..
In the first-order exponential smoothing model, the new forecast is equal to the old forecast plus a weighting factor (W) times the error in the most recent forecast.
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