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What is a specific, "real-life", example of a type of human resource (job skill) that earns a "much greater than average" wage or salary in the United States today? Your posting should be at least two paragraphs long, and identify a specific good or service that is produced by the human resources in the industry you are describing.
Suppose instead that the marginal mining cost increases with the amount mined. Illustrate what is now the e¤ect on gold consumption and mining of an increased use of gold as money.
Let’s assume the demand for balloons is expressed by P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
On the first day of the New Year to get her business started, the owner/photographer of Exquisite Portraits Inc. paid $200 for business cards, $1000 for a listing in Yellow Pages, and $250 for an annual business license. What are the monthly fixed co..
Suppose there are two industries, airlines (A) and breweries (B), and that the demand for secretatrial labor, E, in each industry is EA = 25 – wA and EB = 20 – 2 wB. If the supply of secretarial labor is E = 2 w, then what are the equilibrium wage an..
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
How can you decide what type of decision is strategic? In your discussion, bring in articles or research from various sources to justify your position on this topic.
Assume the mpc = 0.6 for an economy. Showing work, please find the effect (if any) on equilibrium real GDP of each of the following events (other things remaining the same):
Reviewing the cartoon of two homeless men one telling the other, "The one single thought that sustains me is that the fundamentals (unemployment rate) is good". Why can a person having little education or experience when you were to tell him or her w..
Overall, as U.S. real GDP has grown since the last recession in 2008, the unemployment rate has come down from 10% to 5.1%. Nevertheless, throughout this macroeconomic expansion, the unemployment rate has occasionally increased, often during months w..
In class, we discussed a first price sealed bid auction with two bidders. Each bidder’s valuation v was a random draw from the interval [0, 1] according to the uniform cumulative distribution function F(v) = v for 0 £ v £ 1. Now suppose there are n ≥..
Jane’s sister-in-law, a stockbroker at Invest, Inc., is trying to get Jane to buy the stock of HealthWest, a regional HMO. The stock has a current market price of $25, its last dividend (D0) was $2.00, and the company’s earnings and dividends are exp..
What is means tested, in-kind benefits, and negative income tax? Give some examples of government programs that are means tested and programs offering in-kind benefit.
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