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To analyze the effects of discrimination in labor markets, use supply and demand curves for labor, with the demand curves representing the value of the marginal product.
In the following case, show the effects of discrimination on wage rates, and show whether there are forces in the market that would tend to make the discriminators treat people fairly:
a) Acme and United are two identical firms. Acme refuses to hire blacks, while United treats all job applicants equally.
Assume that the marketplace for engagement rings is in equilibrium.
Explain how a budget deficit might lead to an appreciating currency and a trade deficit. Explain the introduction of the foreign sector makes the fiscal policy tool of the budget deficit less effective in stimulating the open, as compared to the clos..
Given the following total profit function: π = 144X - 3X^2 - XY -2Y^2 + 120Y -35 1. Determine the level of output of each commodity at which the firm maximizes its total profit 2. Determine the value of total profit at the maximum output level
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
Verify that Hicksian and Walrasian demand coincide.
Write a one page response to the following statement: "U.S. regulators should enforce antitrust laws against the Microsoft Corporation."
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant, could rising wage rates of women explain both phenomena? Explain. [..
Firms raise capital from investors by issuing shares in the primary markets
An increase in the money supply in the U.S will not
elucidate how many units of fish could it now consume along with the 80 units of imported wheat.
In a consumer’s utility maximization problems over current and future consumption goods, a higher rate of return (‘r’) produces substitution and income effects that cause an increase in quantity demanded of current consumption goods.
Compute the upper also lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
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