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Problem
1. Politicians who support the "green movement" often argue that it is profitable for firms to pursue a strategy that is "environmentally correct" (for example, build factories that do not pollute and are not noisy). Evaluate the validity of this claim.
2. Suppose there are two job characteristics that workers care about: wages and health insurance. If the government does not require employers to offer health insurance to their workers, what would be the relationship between the wage level in a particular job and whether the job offers health insurance? Suppose now that the government requires all firms to provide a standard package of health insurance to their workers, valued at, say, $5,000 a year. What happens to the wage structure in the labor market?
The European standard or level of living rose from far less than that of the US following WWII to a level similar to that of the US today. What were the political and economic developments that permitted this?
An orange grower in Florida faces a dilemma. The weather forecast is for cold weather, and there is a 50% chance that the temperature tonight will be cold.
All the right-to-work state is in the south? Almost all right-to-work states are in the North and West. Nearly half states have right-to-work laws. Right-to-work laws have made union organizing much easier
Suppose that a university wishes to maximize the response rate for teaching evaluations. The administration develops an easy-to-use online evaluation system.
What is the level of production when 10 units of labor are employed? What is the fixed cost of production when 10 units of labor are employed? What is the variable cost of production when 10 units of labor are employed
Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure however in ea..
Higher nominal interest rate, and profit from the interest-rate differential. Do you see any potential problems with this idea? Explain. What are the cons of the strategy?
Be sure to analyze our situation from both a positive and a negative viewpoint so we will know what our strengths and weaknesses are when we insist that our commercial be given air time.
Determine the household equilibrium bundle if the household's allocation of its monthly budget to luxuries is 3 times that of its budget allocation for necessities.
list and explain the four principles of individual decision-making.provide an example of a decision in which you faced
Using national data collected between 1974 and 2004, they assessed increases in income inequality during that time period. They then looked at the difference in happiness between liberals and conservatives as a function of increasing inequality ov..
A satellite traveling 8 km/s at a perigee altitude of 500 km fires a retrorocket. What delta-v is necessary to reach a minimum altitude of 200 km during the next orbit?
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