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Firm A would hire 20,000 workers if the wage rate is $12 and would hire 10,000 workers if the wage rate is $15. Firm B would hire 30,000 workers if the wage is $20 and would hire 38,000 workers if the wage is $15. Which firm is more likely to be unionized? Justify your answer.
Discuss the new equilibrium price also quantity which result from these changes. Can you exhibit some of these changes graphically.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
Use a graph of supply and demand under perfect competition to show a situation where the consumer price increases by exactly the amount of a specific excise tax paid by the producer
Illustrate what role does weak financial regulation also supervision play in causing financial crises.
Describe the difference in economic profit between a competitive and a monopolistic in both the short and long run. Which should take longer to reach the long-run equilibrium?
Elucidate how did the invention of crack cocaine transform the urban street gang.
In 2008, the Fed reduced both the discount and federal fund rates dramatically. But bank loan volume didn’t increase. What considerations might have constrained the market’s response to Fed policy?
What is your thought about tracking the U.S. Economy and Unemployment and Inflation.
Which nation should specialize in which product. Explain how trading possibilities lines for each nation if actual terms of trade are 1 plum for 2 apples.
Suppose that Agostino's hourly wage is $30 per hour, his rental property yields $120 per day, and he has 16 hours in a day to allocate between leisure and work. Draw his daily budget constraint. How much can Agostino consume if he enjoys 16 hours of ..
In uncertain times, especially when the economy is experiencing a downturn, consumer spending tends to decline also savings rates tend to rise
A farmer determined a natural gas preserve on his property.
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