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Question: In Modern Rarity, Workers Form Union at Small Chain In New York's low-income neighbourhoods, labour unions have virtually no presence. But after a yearlong struggle, 95 workers at a chain of 10 sneaker stores have formed a union. After months of negotiations, the two sides signed a three-year contract that sets the wage rate at $7.25 an hour.
Who wins from this union contract? Who loses?
Identify and recommend strategies to move the company not only to a position of maintaining current levels of quality and sales, but improving in each of these measures of success.
Sunrise Surf Shop is willing to produce 30 surfboards in the month if it can sell each board for $300. If it can receive $500 for each board, the shop is willing to manufacture 70 surfboards.
If all n identical firms in a market belong to a cartel, how much total output will be produced relative to the monopoly output, and how much will each firm produce?
Define economies of scale. Is there evidence of economies of scale in the airline industry. Consider Low-Cost-Carriers. In large commercial aircraft manufacturing
profit maximization in short-runa jeans manufacturer hires workers to sew jeans in its factory and derives the
Identify economic, legal, and regulatory forces and trends. Analyze and explain the supply chain of the new division of the existing business.
What would you be willing to pay, as fair market value, for a clean, safe glass of ice-cold water? Explain. Why do many judge the state of water cleanliness and safety mainly by sight and smell only?
What is the median-voter model and what are two implications from it and evaluate: "A tax system in which those with higher incomes pay higher amounts of taxes is progressive."
If Frank is maximizing profit what is the marginal revenue product of the last worker he hired? What is that worker''s marginal product?
At its profit-maximizing output, a pure nondiscriminating monopolist achieves: neither productive efficiency nor allocative efficiency. both productive efficiency and allocative efficiency. productive efficiency but not allocative efficiency.
calculate the monopolists profit under the following conditions. the intersection of the marginal revenue and marginal
What are the banks excess reserves and what is the maximum amount of additional loans that the bank can make? Show your computation.
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