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Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per month, so he may work less than this, depending on how lucrative his work is. Draw and properly label Sergei’s labor supply curve for a wage increase from $50 to $100 per hour. Draw and properly label Sergei’s labor supply curve for a wage increase from $50 to $100 per hour. (A)Draw and properly label Sergei’s labor supply curve for a wage increase from $50 to $100 per hour.
Panel B shows how the demand for X shifts when the price of related good Y increases from $60 to $68. Use the information in Panel B to calculate the cross-price elasticity. Are goods X and Y substitutes or complements?
According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company.
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
Indicate how Ford's management should use this information to make sound strategic decisions.
Illustrate what changes in the Ants' resources do we see through the film. Are the Grasshoppers commercial talent and they are just annoying.
q.reflect on the solow growth model by means of technology given by y zfk n k12n12 its savings rate is 0.2 moreover
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar?
q.a decade ago five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
Assume re is a multiplier effect and that total crowding-out effect is $6 billion. An increase in government purchases of $10 billion will shift aggregate demand to left or right by how much.
q.find true or false or uncertain and explain why?1. tfu suppose that at an initial cost of 1000 a homeowner can
A common marketing tactic among many liquor stores is to offer their clientele quantity or volume discounts.
Suppose nominal GDP rose from 6250 billion in 1995 to 6630 billion in 1996. If the GDP deflator rose from 125 to 130 during this time, what was the percent growth in real GDP? Given the data in part (a), what was the rate of inflation for goods and s..
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