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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.
Analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a country during a natural disaster.
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The Law of Large Numbers explains why it is unlikely that the actuarially fair premium for an insurance policy will be the same for a small start up firm as it will be for a large employer such as a university. Depending on assistance from family and..
The German philosopher Immanuel Kant condemned Utilitarianism as an immoral ethical theory mainly because:
The Madison location is the central headquarters for Badger Widgets. They have a full IT staff along with an established network infrastructure that includes Windows Server 2008 servers
If the variable is almost normally distributed does that mean you use common distribution.
Discuss each of the following statements from the standpoint of equity and efficiency. Everyone in society should be guaranteed the best health care possible. When workers are laid off, they should benefits until they find a new job. Which of the fol..
Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.
there was a month were employment and the unemployment rate rose. Suppose the computations were correct, explain how is it possible for both to have increased.
Explain how much should firm produce in order to maximize profit. Illustrate what is maximum profit that firm can generate at output level (your answer in a).
Write a formula which describes the marginal product of labor in the short run as a function of the amount of the labor used.
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