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Question: Suppose a worker currently resides in Pennsylvania and is deciding whether to remain there or to move to Illinois. There are three work periods left in the life cycle. If the worker remains in Pennsylvania, he will earn $20,000 per year in each of the three periods. If the worker moves to Illinois, he will earn $22,000 in each of the three periods. Finally, the worker's rate of discount is 10 percent. What is the highest level of migration costs that a worker is willing to incur and still make the move?
Which of the following is not a country that has more people over the age of 65 than under the age of 15? A. Italy B. Japan C. Burundi
All 150 firms in a competitive industry have the same cost structure captured by the following total cost function: TC = 2Q3:- 60Q2:+ 950Q + 600 If the market demand function is Qd = 4568.20 - 3.5P-determine the market equilibrium price and quantity.
use three-step method to analyze how the following events influence the equilibrium price and quantity of
In 75 to 150 words or more please answer the following questions. What is the link between marginal revenue product and wages?
Imagine that you are the CEO of Yamakawa Corporation's U.S. subsidiary, but the US government bailouts are only good for US-own firms and are thus irrelevant.
What is the quantity of hammers imported before the tariff? What is the quantity of hammers imported after the tariff? What would be the amount of consumer surplus before the tariff?
Suppose alcohol generates a negative externality in consumption. If so, then
how the federal reserve conducts monetary policy - Others argue that it has simply shifted extensively to the left.who is correct?
An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the information given.
Some manufacturing companies are moving out of the country in search of cheap labor and the ones at home are not doing as good and some big ones like auto are trying to cope well after coming out of bankruptcy.
The profit-maximizing principle of marginal analysis says that firms maximize profits by choosing output such that: marginal benefit (or revenue) is greater than or equal to marginal cost. total benefit (or revenue) equals total cost.
What would have been the implications for the credibility of the current lira/DM exchange parity?
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