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Q. 1.Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
2. a. Discuss in brief following labour market models:
i. Wage competition model
ii. Internal labour markets
b. what do we mean by labour market outcomes and labour market processes?
c. What are unique features of labour market?
Out of the people who wear seat belts, northeast has 148. Out of the people who don't wear seat belts, northeast has 52. A total of 858 wear seatbelts in the United States. Illustrate what is the probability of seat belt usage by region of the cou..
illustrate what will be profit-maximizing or loss-minimizing output, Elucidate. Illustrate what economic profit or loss will industry realize per unit of output.
Illustrate why are second hand goods not included in the value of national income.
What are the differences among productive and allocative efficiency. What conditions must be present for productive and allocative efficiency to be achieved in the 'real' world.
Evaluate the U.S. nursing shortage in terms of demand and supply.
Calculate price, quantity and social surplus for the initial state and each policy.
Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Illustrate what can be said about the trade patterns between Iggi and Kurt.
A ‘linear deprecation' is characterized by a loss in value by constant amounts per year. Why might calculated depreciation rates not reflect ‘true' depreciation.
To build trust among virtual team members, managers should Deep-six the egos
Fill in the column of marginal products. What pattern do you see. How might you explain it. Compare the column for average total cost and the column for marginal cost. Explain the relationship.
Illustrate what is her economic profit or economic loss. What happens to demand for labor. What are the new equilibrium wage rate and employment level.
Purchase the machine it is currently renting for $150,000. This machine will require $20,000 every year in ongoing maintenance expense.
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