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Question: Leo runs a bicycle repair shop. He recently examined information on wage and employment levels and noted that he employs the same number of workers today that he employed in 2009. However, wages (controlling for inflation) increased quite substantially between 2009 and 2013. Assume the supply of labor remained constant over this time period. Give two possible explanations for why Leo's workers are paid more in 2013.
the most recent studies of lifetime medical costs of treating aids?ahave shown a significant increase in the estimates
suppose that a firm operating in perfectly competitive market sells 200 units of output at a price of 3 each. which of
Goal: To explore possible explanations for the fact that why large firms are normally controlled by capital suppliers rather than labor suppliers. (i.e. Why labor-managed firm is rare.)
A flood control project with a life of 12 years will require an investment of $300,000 and annual maintenance costs of $25,000. The project will provide no benefits for the first two years however will save $40,000 per year in flood damage starting i..
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling
During the 4th-quarter of 1993, real GDP in US increase at an yearly rate of over 7 %. During 1994, the economy continued to expand with modest inflation
Consider an economy where, consumer's utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2. The turnover cost per labor is (0.36)/(w/p)
Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization - Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theor..
Kinkaid Company, a corporation organized under the laws of State M, after receiving approval by the shareholders, sold the entire assets of the company.
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes
consider the following problem there are two generators in this system and there is a load of 1000mw. there is only one
A health services firm is thinking about purchasing a large autoclave for $180,000. The autoclave is expected to generate $60,000.
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