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Describe the 2011 NFL lockout . (including defining what a “lockout” is, and how that differs from other labor disputes). Define who was involved, and what their economic functions were (Hint: what kind of legal entity is the NFLPA? What kind of economic entity is it? How would you characterize the NFL team owners?). Why might the NFLPA be considered different from other labor organizations in terms of efficiency? Discuss non-economic aspects of the NFLPA as well. Use a well-labeled and explained graph as part of your answer.
Research one case of trade restriction, implemented by any nation. Research your topic, using at least 2 sources, and write a brief report (approximately 2 pages) on your findings.
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8 . At the price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year. a. is rice an inferior good, a necessity, or..
One day you arrive to discover that the coffee shop has changed its name to Five bucks and is now charging $5 per cup.
Given the market for corn in equilibrium, show the effect on price and quantity of the following simultaneous occurrences: Good weather results in a 10% increase in the harvest of corn.
If demand is estimated to be Qd = 240 - 6P, the marginal revenue function is
According to Classical economists, which type of fiscal policy financing produces "crowding out?"
What are FedEx’s core competencies? How might they lose their core competency and what do they need to do to hold on to it?
q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
As a manager, Explain how would you decide Explain how many workers to hire. Illustrate factors might play a role in your decision.
Your firm is considering purchasing an old office building with an estimated remaining service life of 25 years. Recently, the tenants signed long-term lease, which leads you to believe that the current rental income of $210,000 per year will remain ..
Suppose there is a decline in marginal costs for one member of a cartel. What impact will this have on the incentive of that firm to cheat on the cartel agreement? Explain.
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
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