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1. How can restricting entry into a union help boost members’ wages without the union specifically setting wages?
2. Distinguish between a closed shop and a union shop. Are either or both shops legal? Explain
3. What is a monopsony and how does a monopsonistic firm determine the wage rate to pay its employees?
Describe the budget constraint which she faces when deciding how many drinks to buy.
As an owner of a visible U.S. business that is valued in the community, you are making a final decision regarding the international aspects of a business decision, and you decide to set up a table with various risks.
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 80-Q, where Q = Q1 + Q2. The marginal cost associated with producing in the two plants are MC1 = Q1 and MC2 = 8. What is the profit maximizing..
After graduating from college, you receive job offers from five different accounting firms. All job offers have a different compensation package. Is it irrational for you to accept an offer that doesn't provide the highest level of monetary compensat..
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve. Use the calculus formula to calculate the point elasticity at the price of $4.00. Give a verbal interpretation of this elasticity. Is th..
Predatory acts of firms are generally against the law in the United States. Specifically in terms of pricing strategies of firms in various market structures, however, it is possible for competing firms to work together to determine a solution benefi..
Explain how the joint venture can take advantage of the Polish cultural differences to build a stronger organization.
What output market with the appropriate starting position and show what effect the contractionary policy would have in the output market.
A large corporation, where you own a number of shares, recorded extraordinary profits in the last quarter. You expect to receive large dividend payments but do not receive anything. Why?
Which of the following is most important in increasing a nation's economic growth in the long run?
in october 2008 canadian consumer self-confidence plunged to levels that last seen in the 1982 recession. as per some
Assuming that this is rational behaviour by profit-maximizing "firms" elucidate what economic factors may influence such behaviour.
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