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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 $2 per hour. However, most workers think that this equipment is not necessary, because their regular, inexpensive outfit does about the same job. Calculate the equilibrium wage and employment under the new equipment requirement.
c) Draw a graph to show the effect of the requirement.
Discuss and describe the effect you have on this process when you visit the ATM to get some cash to pay for your late-night pizza.
q. step 1 select a foreign currency as described above.step 2 perform your research. the content of your textbook can
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A similar helicopter was purchased 4 years ago at a cost of 140,000$. At an interest rate of 7% per year. Illustrate what would be the equivalent value today of that 140,000$ expenditure.
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Two friends Diane also Sam own also run a bar. Diane tends bar on Monday Wednesday also Friday also receives wage in addition to tips.
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Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
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