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Characteristics of the labor markets
Explain and discuss why the characteristics of the labor markets should result in the same wage rate for all jobs requiring the same level of abilities and skills? Why are earnings on the labor market are not always proportional to abilities?
Demand for good workers = high paydemand for low workers = low pay
Not proportion to abilities due to unions, minimum wage.
Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output-How does this tax affect the firm's fixed, marginal, and average costs?
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
The price elasticity of demand for both tissue has been estimated.
Calculate the appreciation or depreciation of the US dollar relative to the Japanese yen.
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Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
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Explain how do you examine the higher demand has affected the equilibrium wage. In which direction do you think the labor supply and demand shifted.
Explain how does the availability of substitutes affect purchasing decisions.
Elucidate the policy which change, you would recommend also how this change would be financed.
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