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Question: What are provisions that craft unions have that limit the substitution of unskilled labor?
Think of a company, and its industry, and give an example of an implicit cost for that company.
1. What is the efficient markets hypothesis? What are themost important characteristics of markets that are necessary for them to beefficient?2. How do stock prices behave if stock markets are efficientand if investors do not care about risk?
Why do producers have more interest in government regulations than consumers do? Compare and contrast the public-interest and special-interest theories of economic regulation.
The cost function for a firm is given by TC = 6,000 + 12.5Q. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of P = 25 - 0.5Q. (i) What level of output should be produced to maximize profits?
Consider the following utility function and corresponding marginal rate of substitution for consumption, C and leisure, and L: U = and MRS =
The government says that firm X must pay $1,000 in taxes simply because it is in the business of producing a good. What cost curves, if any, does this tax affec
Harte contracted with Connolly to install a new roof on Connolly’s house. It was agreed that the roofing shingles were to be “russet glow” a shade of brown. The roof was installed, and many of the shingles were discoloured showing streaks of yellow.
Assume that the annual demand function for a popular model of a scientific calculator is give by p =d(q)=0.01q^2-24q+144 when the price p
Identifying Use a graphic organizer like the one below to identify the functions of money.
Why the focus in interest rates and unemployment and why can they keep the interest rates low? How do bond purchases tie in with the interest rates?
explain whether the analyst has used reasonable estimates of the social cost of carbon in their benefit transfer method.
Medicare recipients pay a monthly premium for coverage, must meet an annual deductible, and have a co-payment for doctors' office visits. What impact would an increase in the monthly premium have on their consumer surplus? What would be the impact of..
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