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In the city of Growville, the equilibrium employment is 100,000 workers, and the equilibrium wage is $80 per day. The elasticity of demand for labor is 1.0 (in absolute value) and the elasticity of supply of labor is 4.0. The employment multiplier is 2.5.
Suppose the demand for labor used in the production of exports increases by 6,000 jobs.
Use a supply-demand graph of the urban labor market to show the effects of the increase in the demand for labor.
What is the percent change in the equilibrium wage?
What is the percent change in the equilibrium employment?
PLEASE PROVIDE THE GRAPH AND COMPLETE ANSWER
Assume that after the exchange of one permit, the marginal cost of abatement is for the firm that sold the permit for $170 also the marginal cost of the firm
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
Imagine how managerial decisions may be easier or more difficult if there were no antitrust restrictions in the U.S. Provide an example to support your response.
The women’s movement of the 1960s was part of a long effort by women fighting for equality since the late 1700s and continuing through today. The women’s movement is now more correctly envisioned as a gender movement Describe what a gender movement i..
How do changes in each of the following affect AFN, holding other things constant: the growth rate, the amount of accounts payable, the profit margin, and the payout ratio?
Suppose the Fed conducts an open market purchase by buying $10 million in Treasury bonds from Acme Bank. Sketch out the balance sheet changes that will occur as Acme converts the bond sale proceeds to new loans.
Illustrate what is james price of producing potatoes what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
find an identical output for each firm that maximizes joint profits.
Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.
Suppose your firm produces electricity by burning coal. Currently it buys central Appalachia 12,500 BTU per ton coal at the market price of $52 per ton.
The expected salvage value of the furniture is $5,000 in 2015. Determine the recovery period for the furniture and its depreciation deductions over the recovery period.
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