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L MP W
1 20 20
2 18 40
3 16 60
4 14 80
5 12 100
6 10 120
7 8 140
8 6 160
9 4 180
10 2 200
a. What are the employment level and the wage rate for this industry if this industry is in a perfectly competitive input market?
b. Suppose that the minimum wage of $140 per unit labor is imposed. What is the employment level for this industry
(1) if this industry is under a perfectly competitive input market,
(2) if this industry is in a monopsony?
Describe the variations of Republican culture as it developed in the North and South – how was republicanism rationalized to defend slavery and the subordination of women – were women subordinated in Republican theory?
Drezner mentions that in this current era of globalization, the international relations community might need to develop brand new theories to explain global governance, rather than relying on theories that took hold in the latter part of the 20th ..
Suppose you have $500 in savings when the price level index is at 100. (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?
Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that willing to pay a price of $ 25 for a pair of Levis Jeans and a low-end type customer that are willi..
What are the interest rates on a savings bond, a 90-day note, and a 1-year note?
Answer the following questions assuming the single index model holds. Assume the correlation coefficient between a stock, XYZ, and the market index is 0.70. What percentage of XYZ’s total risk is firm specific?
A product that sells today for $100 per unit is expected to escalate in price by 6% in year one, 8% in year two and 10% in year three. Calculate the escalated dollar year three product selling price. If inflation is expected to be 5% in year one, 9% ..
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
During recessionary periods
Over 4000 individuals called up Dr. Kalikorn and asked him to perform a new surgical procedure. Dr. Kalikorn booked 2000 of these and told the rest to seek care from another physician. What is his quantity supplied? Explain.
suppose there is 120 million of cash and that half of this cash is held in bank vaults as required reserves that is
Compare the additional revenue Circuit City makes as it moves from 2 million to 4 million copies of Vista with the additional revenue it makes as it moves.
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