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1. From an economic perspective, are unions efficient or otherwise? Give reasons for your answer.
2. What objectives do unions serve? Are there other, more economically efficient, methods to achieve these objectives? What might those methods be?
Assume that a national restaurant firm called BBQ builds 10 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $200,000 of equipment and furnishings
Can use outside sources to support but need to be valid. Identify the major firms in the industry. Determine to the extent possible the relative Market shares of these firms.
How are the results the same or different? Explain why the results would be the same or different.
How does the price elasticity of demand for corn oil influence the qauntity-demanded of corn oil and the total revenue earned by sellers of corn oli? Explain using economic terms
(i) the total estimated monthly mileage for the 24 lorries (ii) the average (mean) estimated monthly mileage per lorry
Provide an example of how fiscal also monetary policies compliment or work against each other.
There are 100 firms in the market. Market demand is Qd = 500-Pmkt What are the shut-down and break-even points for the firm?
a) Draw this demand curve, labeling the values of the y- and x-intercepts. b) Show how his demand curve and values of the y- and x-intercepts change if he obtains health insurance with no deductible and a 20% coinsurance rate.
Illustrtae what position should the fund manager take to hedge exposure to the market over the next two months.
Let P and S denote the (constant) costs of permits and the scrubber, and let the discount rate be r and the growth rate of the demand for permits be 0
Which of the non negativity constraints on x1; x2 will bind for small m? c. Derive for the Marshallian demand functions and the indirect utility function. d. Derive the expenditure function for utility level u.
It cannot be as the inflation by definition real wages have factored inflation in.
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