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1.What does Deaton mean by the "original escape from mortality?" what groups showed this escape first and what technological/ societal changes led to this escape?
2.What is the significance of a multiplier being greater than one?
3.Suppose the wage is 50 per hour and that the consumer has 100 hours H to work with. Suppose that the MRS is given by(H-l)^0.5/c.
What will the consumer's choices of c and l be? Repeat with an upper bound of 10 hours. Repeat the first part with a ten percent flat tax on labor income. Suppose that the tax rate has two brackets so that income from hours above1/2H is taxed at 20 percent. How does the solution change?
The supply of convention centers
List some advantages and disadvantages of specialization. Does it always make sense to specialize as much as possible? Why or why not? How can managers reduce costs of specialized assignment?The text for this course is Managerial Economics and Org..
Draw a supply-and-demand digram to show what happened to price, quantity, consumer surplus, and producer surplus in the market for computers.
Penny is making pipe cleaner flowers to sell on Etsy for $1 apiece. Penny and her friends become more efficient as they gain practice in flower production. The first 100 flowers cost $1.50 apiece. The next 100 cost $1.25 apiece. The next 100 cost $1...
Show how to generate a supply and demand function from a information table that includes the supply and demand information for two different price levels.
If unions bargain with the firms in Profunctia and set a wage rate equal to $14, what will be the level of employment, the size of the labor force, and the unemployment rate?
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense? Describe the rationale behind equal prices for unequal distances in air travel using demand, supply and cos..
Identify the fallacy in the following discussion: "The effect of an excise tax on a commodity might seem at 1st sight to increase the value that buyer pay.
choose two real-world companies in different industries one that you feel faces elastic demand and one that you feel
Oligopolistic models are based on behavioral assumptions. One behavioral assumption associated with differentiated product markets is that price increase will not be matched but price decreases will be matched. This rather pessimistic view of pricing..
Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today's business environment, and the criminal penalties for which the act provides.
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