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Problem
1. Suppose that the skills acquired in school depreciate over time, perhaps because technological change makes the things we learned in school obsolete. What happens to a worker's optimal amount of schooling if the rate of depreciation increases?
2. Suppose that workers differ in their ability, but have the same rate of discount. Is it possible for the more-able workers to choose less schooling? Why?
Explain the meanings of stability and the complexity of environmental changes
The problem is belongs to Economics and it is explain about an American company with global operations. An example of McDonalds has been used here.
1. a firm uses two variable inputs labor l and raw materials m with typically shaped isoquants. it pays 20 per hour for
From the scenarios, Erica and Chris have determined their weaknesses after performing a SWOT analysis. However, they have yet to identify opportunities for their business. Determine two potential opportunities specific to their restaurant's busine..
Compare the primary individual factors that influence demand, and explain the significant ways in which each affects the demand curve. Provide at least one (1) example of these factors to support your rationale.
What price is the Fund Raising Committee favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers.
Many nutritionist regard tofu as virtually a wonder food. Imagine now that yet another benefit of tofu is discovered. Mixed with a few cheap ingredients it greatly increase gasoline mileage just as it enhances performance in humans.
Other things being equal, what will happen to automaker's profits if they are able to sell more vehicles using battery packs and thereby scale up battery production? Why do you suppose that some automakers support the payment of government subsidies ..
Gina Picaretto is production manager at the Rich Manufacturing Company. Each year her unit buys up to 100,000 machine parts from Bhagat Incorpo- rated. The contract specifies that Rich will pay Bhagat its production costs plus a $5 markup (cost- p..
What do you understand by the term ‘Keynesianism’? From a policy perspective, outline key Keynesian policies comparing and contrasting these against a neo-liberal policy platform.
Explaining What decision-making strategies do economists recommend using?
When income goes up from $20,000 to $30,000, demand for product A is going up from 300 to 400. The price of the product A is $200. However demand for product B is going down from 100 to 50. The price of the of the product B is $10. Is the Product..
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