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Question: 1. Suppose a firm is a perfectly discriminating mon-opsonist. The government imposes a minimum wage on this market. What happens to wages and employment?
2. What happens to wages and employment if the government imposes a payroll tax on a non-discriminating mon-opsonist? Compare the responses in the mon-opsonistic market to the responses that would have been observed if the market were competitive.
Explain the chain of analysis from payroll to total points and then on to total points and revenue and what other factors might affect these relationships that are outside of the data looked at in this project?
Use the IS-LM-FX model to illustrate the effects of the temporary shock and the policy response. (Note: Assume the government responds by using monetary policy to stabilize output.) For each case, state the effect of the shock on the following dom..
How much cloth and food will the economy produce after this increase in its capital supply? F. Describe how the allocation of machine-hours and work-hours between the cloth and food sectors changes. Do those changes confirm with the changes descri..
How would you describe the complexity of the health industry in terms of workforce, environment, and social expectations? How would a health leader successfully navigate this complexity?
The following graph shows a market in which a price floor of $3.00 per unit has been imposed. Calculate the values of each of the following.
How do you manage your product in an upcoming recession in terms of shifting the demand curve of your product to the right through non-price factors?Connect all above tools for analysis.
In the money market, money supply is determined by the central bank, such as the Fed in the U.S. Because of this, money supply curve is usually vertical in the short run, while the money demand curve is downward sloping. The quantity demanded of m..
1 the file corruption.xls contains country-level data on two variables. one of these is a measure of perceptions of
Given a choice of an extra $1,000 or a gamble with the same expected value, a person prefers the $1,000. But given a choice of a loss of $1,000 or a gamble.
What is the resrvation wage? "other things being equal, one' reservation wage increase as larger amounts of nonlabor income are realized" Do you agree? Explain. Redraw the indifference curves of Figure 2.8 to demonstrate that anything that lowers (ra..
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor in elastically. The demand for taxider..
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