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1. What causes the demand for labor to shift?
2. Explain why the labor supply curve is upward sloping?
3. Explain the types of unemployment.
4. With regard to the demand and supply of labor, explain the concept of the equilibrium wage.
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
If there is an alteration in the price of an input utilized to produce a good, why is that a change in supply when an alteration in the price of the good itself is a change in the quantity supplied?
From an economic perspective, explain the paradox associated with setting higher stan- dards in PSD areas relative to nonattainment areas. Show how an inefficient result may arise using an MSB-MSC model.
Compute a price-weighted stock price index for the beginning of the year and the end of the year. What is the percentage change?
Firm in a perfectly competitive industry - positive economic profits act
A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing price (P)?
1. a firm in a competitive market invents a new method of production that lowers its marginal costs. what happens to
Many mortgages are computed using a 360-day year, and all months are assumed to have 30 days. What is the effective interest rate
What cost factor is the per unit de manufacturing cost most sensitive to and why?
What are the different ways the Internet can increase value to consumers and to health care providers and health plans? The Internet/e-commerce can increase.
(Balancing the Federal Budget) Once the huge federal bud- get deficits of the 1980s and the first half of the 1990s turned into budget surpluses, why were policy makers more willing to consider discretionary fiscal policy?
The most recent dividend was 3.02 and the current price is $24.04. What is an estimate of required return for investors?
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