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Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w.
a) Calculate the equilibrium wage and employment if the market is free.
b) Suppose the Cleaners’ Union, of which all cleaning workers must be members, requires that employers provide workers with high-tech protection equipment, which increases the employers’ cost of labour by approximately $2 per hour. However, most workers think that this equipment is not necessary, because their regular, inexpensive outfit does about the same job. Calculate the equilibrium wage and employment under the new equipment requirement.
c) Draw a graph to show the effect of the requirement.
A Publishing company uses 400 printers and 200 printing presses to produce books. Elucidate how should the manager adjust input usage.
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Why is it often difficult to develop a realistic analysis?
Jerry bought a house for $400,000 and made an $80,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly. the nominal annual interest rate was 6% after 10 years (120 payments) he sold the house and paid the ..
Fill in the column "Society's willingness to pay." Then draw a graph of society's demand for the public good.
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You are manager of BlackSpot Computers, which competed directly with Condensed Computers to sell high-powered computers to businesses. Explain how will impact BlackSpot bottom line.
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Are any of the types of things that couples hide statistically independent of the gender of the respondent? Explain?
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