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What are the disciplinary procedures at the local union level that would most commonly be followed when a member has a breach of the standards of conduct in the union’s bylaws? What are six of these types of breaches?
Given the demand curve P= 2,000 – 2Q and marginal costs of MC = 1,100 + 2Q, the firm’s profit will maximize at equilibrium price and output of: Based on the demand and cost function in previous question, in a two-part tariff pricing strategy, what is..
Elucidate he is considering hiring students on a part-time basis for $40/hour, do you think he should do so.
In Taxland, the first $5,000 earned per year is exempt from taxation. Between $5,000 and $20,000, the tax rate is 10 percent. Between $20,000 and $50,000, it’s 15 percent. Above $50,000, it’s 25 percent. You’re earning $75,000 a year. How much in tax..
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by TC = 1+Q+Q2 , which results in marginal cost of MC = 1+2Q. What..
Illustrate why is it important for average person to understand the basic mechanisms of supply and damand in the market economy.
Contrast the role of fixed costs and variable costs in economic decisions about future production and pricing.
If the US Dollar is equal to 10 Mexicxan Pesos. Then we can say that the US Economy is doing better than Mexico's economy and the US Dollar can buy more than the Peso.
Explain what causes the shift in the Short-Run tradeoff between inflation and unemployment? Analyze the effects of Tax Cuts, Increasing Government Purchases, and Quantitative Easing using the IS-LM model. Do you believe that all these policies are ef..
Explain, define and demonstrate the income and substitution effects of a fall in the price. Illustrate in a figure. explain, define and demonstrate the compensated and uncompensated demand curves. Illustrate in a figure
Suppose that a consumer’s demand for a product is given by P = 80 – 2Q. A monopolist produces the product at constant marginal cost, where MC = $6. The firm has no fixed costs. Suppose the monopolist sets a two-part tariff for the good where the cons..
On July 27, 2015, the Shanghai Composite Index fell by more than 8%. To preserve asset value, the Chineese government halted trading in some companies and in short selling. How did these actions impact the efficiency of the Shanghai stockmarket? Were..
Trades are seasonal, with higher trades during the spring also summer quarters also lower trades during fall also winter quarters. Which inconsistents of the model are statistically significant.
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