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Question: Labor economists studying the determinants of women's earnings discovered a puzzling empirical result. Using randomly selected employed women, they regressed earnings on the women's number of children and a set of control variables (age, education, occupation, and so forth). They found that women with more children had higher wages, controlling for these other factors. Explain how sample selection might be the cause of this result.
Its marginal cost (MC) is $9,000. What will its price be if it decides to sell the automobiles by it and what will the price be if it sells though DistriCorp, Inc. an independent distributor. Note that when Great Cars, Inc. contracts with DistriCorp,..
write a two to three 2-3 page paper in which youidentify and discuss three 3 externalities which can either be positive
Explain the components of LEI index: a. Average workweek in manufacturing b. Index of stock prices c. Index of consumer expectations d. M2
Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies.
1. suppose that an individual has a utility function uc h lnc hcrepresents consumption of a necessity good such as
In the Wealth of Nations, Adam Smith proposes that among the first economic exchanges were when a hunter killed a beaver but wanted to eat venison (from a deer). Show the circuit of production for this hunter. How does it change if money is introduce..
research the responsibility of a critical thinker in a contemporary society. you may choose any topic that deals with
Google rejects the idea that it's in the search advertising business, an industry in which it holds more than a 70 percent share of revenue. Instead the company says its competition is all advertising, a category broad enought..
Movie attendance dropped 8 percent as tickets prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? Could price elasticity be somewhat overestimated from these figures? That is, could other things have ch..
Three students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs: Insurance $2,600; Equipment Rental Fees $1,000; Fuel and Supplies $4 per lawn serviced and Miscellaneo..
The marginal propensity to expend is 0.9. Autonomous expenditures are $4,600. What is the level of equilibrium income in the economy?
The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD model.
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