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Distinguish between general and specific on-the-job training. Who normally pays for general training? Specific training? Why the difference? Are there any exceptions to these generalizations? Explain.
q.assume the followingi. the public holds no currency.ii. the ratio of reserves to deposits is 0.1.iii. the demand for
Good X and good Y are complements. U(X, Y) = min (5X, 4Y). Price of X is $5 and price of Y is $4. The total income is $80. (a) Write the consumption ratio of good X and good Y. (b) Write the budget constraint. (c) What is the consumption bundle to ma..
Which of the following is an ultimate objective of the Federal Reserve?
Why do you think the compensation plan differ at the two firms. In particular why do you think Kaufmann s pays commission to salespeople, while Parkleigh does not.
The following data show the supply and demand schedules for a product. Price per Quantity : 40, 50, 60, 70, 80, 90, 100 demanded Quantity per week(unis): 100, 50, 48, 45, 40, 30, 25 supplied unit per week (units)$ : 15, 20, 25, 30, 40, 46, 50 ] Refer..
If you were in this industry also there was an increased demand for the product which pushed up the price of goods
As the percentage of the consumer's income accounted for by a particular good decreases, demand for the good will:
Consider two firms, located at each end of a street of length 1. There are customers uniformly distributed along this street. Customers incur transportation costs TC = 2x2, where x is the distance they need to travel in order to purchase the product...
The opportunity cost of a new public highway is the:
Using demand and supply analysis, briefly discuss the effect of each of the following on the market for cigarettes:
"Child Labor should universally outlaw" Are you in favour of or against this statement? Explain three different arguments with data in support of your choice.
Italy makes two products: cheese and wine. Italian workers can make one unit of cheese in ten hours and one unit of wine in five hours. Draw a PPF for Italy for a 100 hour time period. What is the opportunity cost for one unit of cheese? What is the ..
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