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Read the article by David Author entitled "Why Are There Still so Many Jobs?". Then write a 300-450 word essay (around 1.5 to 2 double spaced typed pages) that (1) discusses five items you found of interest and (2) for each item, identify whether that item affects the demand for or supply of labor.
Consider an economy with its production possibilities represented by the function Y = A √ K √ L where Y represents total output (i.e GDP), K is capital, L is labor, and A is total factor productivity (TFP). This economy devotes a share of 30% of its ..
Draw a graph (hand-drawn is acceptable) that illustrates the demand and supply of a perfectly competitive industry. Indicate the following in your graph: the equilibrium price; the equilibrium quantity; the producer surplus if the industry is a monop..
What are the main influences on the quantity of real money that people and businesses plan to hold? What does the demand for money curve show?
How does global economic competition impact the domestic market and decisions related to the strategy a firm uses to compete? Why do some economists oppose trade restrictions? Explain your answer.
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
If market inverse demands in two markets are p1(Q1) = a1 − b1Q1 and p2(Q2) = a2 − b2Q2 and the firm produces according to C(Q1, Q2) = c1Q1 + c2Q2, determine the firm’s optimal quantity, price and profit level.
The underground economy includes: The Bureau of Labor Statistics is responsible for: If a foreign car manufacturer builds a plant in the United States, the new plant will: Which of the following countries has not experienced recent bouts of hyperinfl..
Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is.
Using a Spreadsheet to Calculate Yield to Maturity. What is the yield to maturity on the following bonds; all have a maturity of 10 years, a face value of $1,000, and a coupon rate of 9 percent (paid semiannually). The bonds’ current market values ar..
Provide a diagram and explain why perfect competition is a natural n-opoly, where n is very large. Assume that the costs of production are C(q) = cq + f and that the demand curve is P = A - Q.
What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve c) What would joy's advertising expenditure have to be to counteract this effect?
Companies are interested in acquiring other firms even when the latter operate in totally unrelated realms of business. For instancce, Highways Industries manufacturing asphalt materials for road construction, acquired VIP Transport Ltd
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