Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose that the demand and supply of nurses (N) are given by the following lines:
DEMAND: P = 100 - 2N
SUPPLY: P = 10 + 1N.
What is the equilibrium price of labor?
If the government set a minimum wage of $50, how many workers would
be newly unemployed?
What would total unemployment be?
SaveUmoney Tax Services (STS) is a small operation that offers tax services to individuals and small businesses. A local marketing consultant has estimated the weekly demand for STS's services as follows: Q = 1200 - 6 P + 25 A where: Q = the number o..
Evaluate the following statement using a work-leisure model: "Given the wage rate, an individual will always prefer a job in which the worker, as opposed to the employer, selects the number of hours worked".
The right demand shift results into an increase in equilibrium price. The price down of necessity goods results in increases of both demand and total revenue. The price down for long-run results in increases of both demand and total revenue.
Suppose an industry facing an inverse demand equation equal to P = 120-4Q faces a new pollution control law that shifts its constant marginal cost of production from C1 = 50 to C2 = 68. Compute the social costs of regulation in this industry.
The reservation wage for a worker will be higher when:
A simplified economy is based on agriculture, manufacturing, and transportation. Each unit of agricultural output requires 0.3 units of its own output, 0.5 of manufacturing, and 0.2 unit of transportation output. There is demand for 95 units of agric..
When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply? When the wage rate rose from $6.25 per ..
q1. assume that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. if
In a single year, the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips. In the same growing season, Belgium can raise 50 tons of beef or produce 750 boxes of tulips.
Gina Picaretto is production manager at the Rich Manufacturing Company. Each year her unit buys up to 100,000 machine parts from Bhagat Incorporated. The contract specifies that Rich will pay Bhagat its production costs plus a $5 markup (cost- plus p..
Explain how the great depression affected the us economy, what caused it, why it was so severe, why it lasted for so long, and why the economy finally recovered
The supply of urban land increases in response to increases in demand. Most economists think rent should be abolished. Pierre-Joseph Proudhon and Henry George took similar stands on rent. Economic rent is the payment above the minimum necessary to at..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd