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Briefly analyze in terms of supply and demand the effects upon the given market of the following events. Are these changes a shift in the demand curve, a shift in the supply curve, a movement along the demand curve, or a movement along the supply curve? (More than one will apply. Be sure you understand why.) Explain briefly. Draw a graph.
20,000 workers move from Michigan’s Upper Peninsula to Wisconsin in order to take advantage of higher manufacturing wages in Wisconsin. (Discuss the effects in both labor markets, Michigan and Wisconsin. Think about why wages might initially be different in the two states. Hint: It is critically important that the migration is a response to a difference in wages.)
The deployment of troops from a particular military base reduces the local population by 10% overnight; within days 100 local barbers go out of business. (Discuss the local market for barbers.)
New regulations limit the amount of fish that can be caught off the coast of Maine, and 16 percent of professional fisherpersons wind up working in other industries.
Both the buyers and sellers of good x, and the distribution of the benefits will be dependent on the elasticity of demand and the elasticity of supply.
Conduct a goodness-of-fit test analysis to determine if the proportions of individuals willing to pay more for environmenlal.ly friendly products in the various age groups are equal.
Determine if you should go into your own solo private practice or to join a specialty group of physicians.
The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is the publishing house making the optimal input choice.
q1. assume you are the chief economic advisor to the president of the united states and the president has asked you to
as government subsidizes investment likely with an investment tax credit the subsidy often applies to only various
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
hat is American's MRTS between K and L? MRTS between K and F. Should American try to ensure that all its MRTSs are equal. Explain what does American's production function exhibit constant, increasing, or decreasing returns to scale.
q.in 2008 financial crisis has basis macroeconomists to re-think monetary as well as fiscal policies. financial experts
Find internal rate of return to nearest whole percentage point. Oak Furnishings is considering a project that has an up-front cost.
11.assume you are the director of design for a cell phone manufacturing company. you work closely with the new product
q.mirk labs is a pharmaceutical company that currently enjoys a patent monopoly in europe canada and the united states
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