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Maria is a hostess at a local restaurant. When she earned $8 per hour, she worked 35 hours per week. When her wage increased to $10 per hour, she decided to work 40 hours. However, when her wage increased again to $12 per hour, she decided to cut back to 37 hours per week. Draw Maria's supply curve. How would you explain her actions to someone who is unfamiliar with economics?
Illustrate what real world data would you want to examine. What would you consider to be evidence of tit-for-tat pricing.
What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
Explain, in plain words, illustrate what the R-square in this regression indicates.
using the regression results and the other computations from assignment 1 determine the market structure in which the
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
If you could, how would you alter the way that GDP is defined and measured in the US? Make one recommendation. Explain what the current practice is, how you would change it, and why your proposed change would be an improvement.
When conducting a rate of return (ROR) analysis involving mutually exclusive alternatives, the first step is to:
q. a company has the production function in the short termq 50l 6l2 - 0.5l3where q weekly productionl labor number
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
determine the environmental variable most likely to affect the short-run production over the next 12 months. Determine what managers can do to prepare for the possible change in short-run production. Pick a real or fictitious business.
Critically analyze how each of the above can impact the firms sustainability and identify the appropriate strategic steps you will apply to revamp this company.
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