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A firm would hire 23,672 workers if the wage rate is $15 and would hire 12,172 workers if the wage rate is $21. What is the firm's elasticity of labor demand? (please make sure your answer has the correct sign)
Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
Many economists claim that the property tax is the superior tax for municipal governments. Do you agree or disagree? What are the pros and cons of the property tax? If you were advising a city with respect to the property tax and how much the city sh..
Using examples and material found in text Chapters 1 and 2, explain why both leadership traits and management skills are foundational for leading organization.
Is the long-run demand for a factor more, or less, elastic than its short-run demand? Explain why, and illustrate graphically.
The demand function for a firm’s product is Q = P^(-3). The firm’s marginal cost of production is constant at MC(Q) = 12. Calculate the elasticity of demand, as a function of Q. Does the firm’s profit maximization problem satisfy the global SOC?
What are anti poverty programnes in south africa?
A monopolist produces widgets at AC = MC =10. There are two types of consumers, type A's demand is given by QA = 60 - P and type B demand is given by QB = 45 - 0.5P.
(A). Discuss the effect of a sterilized central bank purchase of foreign assets under the imperfect asset substitutability assumption.
a. Calculate the accounting break-even point. What is the degree of operating leverage at the accounting break-even point?
Suppose that you are a borrower with a project that has a rate of return of 6.8%. You submit a bid to borrow $1,000 at an interest rate of 5%, and a lender accepts your offer. After you fund your project and pay back your loan, what is your gain or l..
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
Write a paragraph on which business model would be best four our economy. What are the advantages and disadvantages of your selected business model.
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