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Suppose government were to provide free daycare for children and assume this has no effect on the real wage w, taxes T, and dividend income π. Determine effect of the daycare program on consumption, leisure and hours worked by the consumer.
Johnson Filtration, Inc. provides maintenance service for water-filtration systems. Data that follow show the repair time in hours, the months since last service, the repair type and the repair person for a sample of 10 maintenance service calls.
Explain for economic concepts that you consider important. Justify your answer?Explain the importance of elasticity as a analytical tool for macroeconomic analysis?
Suppose one of the suppliers to Seattle Health System offers tersm of 3/20, net 60. a. When does the system have to pay its bills from this supplier b. What is the Approximate cost of the costly trade credit offered by this supplier
Explain why is economic growth important also annual growth rate be of great significance over several decades.
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Describe prison labour and elucidate how it affects different cultures also societies and explain the rise and fall of labour in prisons.
The invisible hand theory which essentially says, people through pursuing their own economic self interest, help allocate resources in the economy as if an invisible hand is at work to do so.
Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher..
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
Describe how the equilibrium in a labor market with a monoposony employer changes if a minimum wage is set at the competitive level.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Assume a tax of t=$2 is attached to each unit exchanged in market. calculate the new market equilibrium and the deadweight loss from this change.
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