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Urban labor markets (Be sure to provide appropriate graphics.)
Consider a city that has decided to impose a pollution tax on its polluting firms. How would wages and employment be affected? How does the result depend upon the elasticity of supply of labor with respect to environmental quality? The wage elasticity of demand for labor by the city’s non-polluting firms? How would wages and employment be affected by restrictions on when companies could close plants or offices?
The demand for cargo bikes in New Zealand is where I is average income in thousands (i.e. if average income is 50,000 I=50) a) Suppose Avanti decides to begin producing cargo
A monopolistically competitive firm is operating in the short run, is operating at the optimal level of output, and is earning positive economic profits. Describe how this ind
Where Q indicates the number of copies sold and P is the price in dollars. a. Find the price and quantity that maximizes the company’s profit. b. Find the price and quantity t
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of
Just construct the diffusion index from month 2 to 3. In this problem, we have three leading indicators. The diffusion index from month 1 to 2 is 66.7 (=2/3) because two ind
Draw the demand curve Q = 200 - 10P. Calculate the price elasticity of demand at prices of $5, $10, and $15 to show how it changes as you move along this linear demand curve.
Gomez runs a small pottery firm. He hires one part-time worker at $12,000 per year, pays annual rent of $5,000. for his shop and spends $20,000. per year on materials. Gomez h
Two cricket players,Mary and Jane, are outstanding on the university s team. They know if they work together as a team- they can each score 12 points. if one player tries to m
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