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For each of the following factors that may affect market equilibrium in a specific labour market, describe which curve will be shifted and how this shift will affect wage rates:
a. Regulation requiring that firms provide health insurance for their workers (explain why this may shift both curves).
b. Institution of a tax on wages.
Taking a code of ethics "off the wall and into the hall" can be a particular challenge for medium to large firms with a diverse array of employees.
Assume the individuals could either have strict preferences or be indifferent. Construct the table illustrating this rule: Does this rule satisfy the condition of Universal Domain? If not, give a counterexample.
What were some continuities and changes in American foreign policy between 1865 and 1945? And how did domestic affairs influence changes in American foreign policy towards areas like Latin American, Europe and East Asia?
The following quotation appeared in a Wall Street Journal article on the battle for market share in the automobile industry in 2000: “The huge fixed costs involved in developing new vehicles and running big auto factories means auto makers feel compe..
The bicycle industry is made up of 100 firms with the long-run cost function c1(y) = 2 + (y^2)/2 and 60 firms with the long-run cost function c2(y) = (y^2)/10. No new firms can enter the industry. What is the long-run industry supply curve for prices..
what is the resulting outcome of the game? (b) Suppose now that dierent players obtain dierent shares (adding up to 1) when the majority vote is not passed. What happens in a SPNE then?
A 15-year municipal bond was issued 5 years ago. its coupon interest rate is 8%, interest payments are made semiannually, and its face value is $1000. if the urrent market interest rate is 12.36% what should the bonds price?
Assume a firm both sells its product and purchases its resources in imperfectly competitive markets. Under the above assumption, state the criterion (necessary and sufficient condition) for a firm to employ its resources in such a manner as to produc..
Assume that you are the manager of a perfectly competitive firm. The market price of the output is $60. Your firm's total cost function is Q^2+12Q+60. How many units should your firm produce in the short run? What will the profit/loss of your firm be..
The 1900 block of Kenyon St NW (my former home) has (approximately) 60 homes. 30 of the households really love streetlights, and each have a demand of QD = 10 − .5P.The other 30 households each have a demand of QD = 5 − .25P. Streetlights have a cons..
The Hanover Manufacturing Company believes that the demand curve for its product is. Evaluate the wisdom of the firm's pricing policy. A marketing specialist says that the pricing elasticity of demand for the firm's product is - 1.0. is this correct?
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the r..
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