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Consider the Monopoly Union/Right-to-Manage model from class. Assume that the union's utility function is: U=Wδ E(1-δ) , where 1>δ>0, and the firm's production function is Y=πE0.5, where π>0. Solve for mathematical expressions for the wage rate, Wm, and employment level, Em, which will be the outcomes of the bargaining process assuming that the union chooses Wm and the firm chooses Em after learning the union's choice of Wm.
How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?
question 1 many analysts in both developed and developing worlds have heavily criticized the cases of monopolies.
the money growth rate the inflation rate b and the real money supply mp for a few years in bolivia wereyear b
the president of eec recently called a meeting to announce that one of the firms largest suppliers of component parts
What is the most likely component of aggregate demand to start a recession? How does the aggregate demand multiplier influence a recession?
consider eleanor a barnard junior who purchases soda s and tennis balls t.a. assume that the following bundles are all
A. Explain why the consequences of unanticipated inflation are worse than anticipated inflation B. Discuss the consequences of deflation on the economy. Do deflation can be good, yes no, explain why
Consider a perfectly competitive market with an upward sloping market supply curve. Explain the effects of a decrease in supply for the equilibrium price and quantity as well as the total amount of spending. How does the answer depend on the nature o..
Calculate her utility maximizing choice of food and clothing and calculate the level of utility her optimal consumption bundle gives to her.
a. what are your views regarding economic forecasting? in particular share any experiences you may have had with
Find the probability that on a given Tuesday more than 30 students will be absent and compute the expected value of X
Explain and discuss the differences between private goods, public goods, natural monopolies, and open-access goods.
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