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Suppose the prices of x and y are $12 and $48 respectively. What is Alice's budget constraint? Does Alice work more or less? Does this seem realistic?
Draw a diagram showing the combined labor market for secretaries, nurses, and teachers. Draw a diagram showing the combined labor market for all other fields.
Hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is?
Calculate the marginal revenue functions facing Chillman. Add these to your graph from Part (a). Calculate the marginal cost function. What is Chillman's profit-maximizing price and output combination
What impact do you think this transaction had on the market structure of the beer industry in the United States? In world markets? Explain.
Discuss why tickets scalping at sports events(where individuals buy several tickets in advance and sell them for very high prices just before a game)may be desirable from efficiency point of view.
Find the partial derivate of both unemployment and inflation with respective to monetary and fiscal policies and interpret the result?
Find the derivate of unemployment and inflation with respective to monetary poly and interpret the result? Find the derivative of the vote ratio with respect to monetary policy and interpret the resul
What is the partial derivative of the logarithm of earnings with respect to experience? What is the percentage impact on earnings due to a one year increase in experience if S = 20 and X = 5?
Show how the demand for hamburgers varies with the number of months since September, for a given price of hamburgers.
Determine the cross partial derivative of this production function and provide an intuition for the sign on your result.
At what quantity does this import demand curve exhibit unit elasticity? If QM = 8, is import demand elastic or inelastic? What if the quantity demanded rises to 11?
Operating expenses is $28 million For an effective federal tax rate of 35% and state tax rate of 6.5%, determine(a) CFAT, (b) percentage of total revenue expended on taxes, and (c) net income for the
Explain how both the flow-of-product approach and the earnings approach can be used to measure GDP and the role profit plays in these calculations
What macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
Many small boats are made of fiberglass, which is derived from crude oil. Suppose the price of oil rises:Using diagrams, show what happens to the cost curves of an individual boat-making firm and to t
what is the equilibrium minimum price Pmin, the equilibrium wholesale price, Pw, the equilibrium level of service provision s1; s2 and the equilibrium retail price Pr?
Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
Determine which of the output levels represents a macroeconomic equilibrium, then answer the questions that follow.
Discuss the importance of a well-developed compensation plan in attracting and retaining good employees and how to keep those plans from "working too well."
Some governments have tried to legislate how people behave in ways. Explain in detail how much control you think government entities should be able to exert over how people behave.
Why does the equation have a negative value for the second term and a positive value for the third term? What will be the new equilibrium interest rate?
Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is ev
Calculate the average physical product at each quantity of labor. Calculate the marginal physical product of labor at each quantity of labor
Explain how the current exchange rate between # and $ will get adjusted by market forces through the Law of One Price. What will be the adjusted exchange rate between the two currencies?