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Let E = En + Ei denote the total size of the labor force, where En and Ei represent native-born workers and immigrants, respectively (measured in thousands). Assume that immigrants supply that labor inelastically, and the supply of native-born workers is governed by w=4En. The demand for labor is w=120–8Ed.
a) Suppose that initially there is no immigration at all: Ei =0. What is the equilibrium wage and level of employment?
b) Now suppose that there is some immigration and Ei = 6. What happens to the equilibrium wage, total employment, and the employment of native-born workers?
Two identical firms, Firm 1 and Firm 2, compete in quantity in a market where inverse demand is P(Q) = 100 − Q and there exists a constant marginal cost of 20 per unit. Find the Stackelberg equilibrium. Find the Cournot equilibrium
Which he can trade at the going prices. He has no other source of income. Illustrate what is Nick's gross demand for x.
Elucidate how the solow growth model differs from models of endogenous growth with respect to the sources of technological progress and returns to capital.
If combination of rational expectation and perfectly competitive markets , a decrease in aggreage demand will lead to? A. A small decrease in real GDP B. No change in real GDP C.
When government imposes a price ceiling below the market price, the result will be that Select one:
Illustrate what is the euro-denominated return on Dutch deposits for this investor. What is the (riskless) euro-denominated return on British deposits for this investor using forward cover.
Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interes..
Without free trade, Diamonique has market power as a local producer. Once free trade is implemented in the local economy, Diamonique is no longer able to raise its prices above competitive levels.
Risk and Return, Coefficient of Variation Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.
q. the owners of a small manufacturing concern have hired a manager to run the company with the expectation that he
q1. how much deadweight loss does great reception causes when it restricts output and charges a price above marginal
Ellen and May can produce two goods in a day, breakfast bars and frog food pellets. In a single day, May can make 10 breakfast bars or 30 frog pellets
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