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Question: Does it seem reasonable to require that to be counted as unemployed, a person must be actively seeking work? Why not simply count those who do not have a job but indicate they would like to work?
Determining who benefits can be tough for negative events, but it's especially important in order to prevent the unscrupulous from recapitalizing on them. Consider the following events and trends, and determine possible winners and losers from an ..
A cell phone is a piece of hardware. To utilize the phone to make a call, you require signing up for cell phone service. Outside of the US it is common for people to buy a cell phone from any company they choose and then sign up for cell phone servic..
Draw indifference curves representing an individual's preferences for income and household production. Are these indifference curves negatively or positively sloped? Explain why.
Compute the elasticities for each independent variable. Note: Write down all of your calculations. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a ..
A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $30, and T-shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of T-shirts
Label the substitution and income effects.
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Discuss the effect (increase or decrease) of an increase in the tax rate, t, on the equilibrium income Y* using the effect of increasing t on the equilibrium solution.
Some "instances" of Corporate Social Responsibility (CSR) are in the eye of the beholder. It is interesting that the early literature (say 10-15 years ago) argued that corporations could have virtues and vices; interesting idea given the rece..
Let px be the price of good X and py be the price of good Y. Assume the income of this individual is strictly larger than 10px Derive the demand for good X and the demand for good Y as functions of the two prices and income.
Economics has difficulty in explaining why wage rates for individuals vary across occupations and industries and within occupations and industries. Discuss
What price would you bid if you must win the project - What price would you bid if you want to maximize the expected value of the contribution from this contract?
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