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What is the Reserve Army of Labor? What is its role in the determination of the value of labor power?
Does it make sense to have commission of sales people periodically based on percentage of sales profit and sales targets at different level?
You should adjust your price to due to the new entry and decreased demand elasticity.
Assume that health production is subject to diminishing returns and that each unit of health care employed entails a constant rate of iatrogenic (medically caused) disease. Would product of health function eventually bend downward
If real GDP increases by 5 percent next year and the price level goes up by 4 percent, by how much will nominal GDP increase?
Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.
Output is homogenous and the demand curve is P = 448 − Q. There are two firms with identical costs given by C = q2 i where qi is the production of firm i. (a) Find the Cournot equilibrium firm outputs. (b) Find the Stackelberg equilibrium firm output..
Suppose Country A is a small open economy that takes world prices as given. What would be the effect on wages and rents in A if it were to experience an inflow of foreign capital? Use a diagram AND a table to convey your answer. Which groups would fa..
What does a downward-sloping yield curve indicate about the market's perception (forecast) of the future interest rates?
Vasco likes spare ribs, R, and fried chicken, C. His utility function is: U(C, R) = 40R^2C. His weekly income is $180, which he spends on only ribs and chicken. If he spends $20 for a slab of ribs and $10 for a chicken, what is his optimal consumptio..
List and explain two ways that, in your everyday lives, there is a need for an effective government role in an economy.
In a monopolistically competitive market, can firms earn economic profit in the short-run and in the long run? Explain.
Provide an original example of perfect substitutes and perfect complements.
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