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Please answer all the questions.
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.
5. Why are the minimum wage laws needed?
6. How would the demand for gasoline be affected, if there is a drop in its price?
7. What happens when a business's costs are more than its revenue?
8. Explain the difference between the implicit and explicit costs.
What is the population proportion of people who moved to the suburb in the last five? years?
A competitive firm with only minute monopoly power should always invest in ways of differentiating their brand/products? b) A car dealership that experiences some monopoly power should always be concerned when a rival car dealership opens nearby}
Examine the culture of the selected organization and explain how you determined that the selected organization showed the signs of the culture that you have identified.
What is the monopolist marginal revenue function and find the monopolist profit maximizing quantity and price and the deadweight loss of the monopolist.
How might collective decision making play a role in the decision to buy a cell phone for a young child? Provide a possible scenario for this decision including.
In no more than about half a page to a page each, answer the following questions: What are your preconceptions of Africa?
Suppose an airline flying on the Charolette-Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travellers. ..
E.U. Agrees to Trade Deal with South Korea Italy has dropped its resistance to an E.U. trade agreement with South Korea, which will wipe out $2 billion.
Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?
For the Money Supply, GNP and interest rate series data for the U.S. given on the Springer web site as MACRO.ASC, ?t a VAR three equation model using:- Two lags on each variable
What would be the quantity demanded for ACER, show this using a graph. In this case, calculate the price elasticity of demand for ACER.
Assuming that Professor Smith spends the $100 each month at either Alice’s or the club, sketch his budget constraint. Show actual numbers on the axes.
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