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What is the punishment suffered by the group of sinners who "lived without disgrace and yet without praise"?
Some of the largest import tariffs are on shoes. Strangely, the cheaper the shoes, the higher the tariff. The highest US tariff. 67%, is on a pair of $3 canvas sneakers, while the tarriff on $12 sneakers is 37% and that on $300 Italian leather import..
Think about one choice you made in the past several days and explain how this could be analyzed using economics concepts such as tradeoffs
Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of labour is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost. ..
Assume that labour can only be added in hour increments. Each cake requires labour, ingre- dients and the use of a kitchen. The kitchen you rented for $3,000 pe
The figure above represents Athina's pool supply store, a monopolistic competitive firm. Explain your answers. What quantity will be produced? What price will be charged? What is Athina's economic profit or loss? Is this a long-run equilibrium? Why o..
Please make a model that explains the decision faced by the monopsonist, and describe how it is similar to the decision faced by a monopolist.
The Economist magazine uses the price of a Big Mac to determine whether a currency is under-valued or overvalues. In July 2012, the price of a Big Mac was $4.33 in New York, 15.65 yuan in Beijing, and 6.50 Swiss francs in Geneva. Was the yuan underva..
An engineering and construction management firm with a $1M taxable income is opening a branch office. Nearly $250,000 worth of furniture will be depreciated.
How can managers deal with these problems? If a US corporate headquarters asks a manager to offer kickbacks or other bribes, what are the options?
Find and graph Jack's demand curve for cream. Assume the price of coffee is still $2 and income is $12.
Assume that a state government currently provides no child-care subsidies to working single parents, but that it now wants to adopt a plan that will encourage labor force participation among single parents. Discuss the likely effects on labor force p..
There is an increasing role of computer and other new information technology in workplace. Computers are also changing the characteristics of work in many ways. Computers and technology is shaping the way we work and alters the balance of power betwe..
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