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1. Explain the impact of each of the following events on the market for union labor.
a. Union-produced TV and radio commercials convince consumers to buy domestically manufactured clothing instead of imported clothing.
b. The union sponsors periodic training programs that instruct union laborers about the most efficient use of machinery and tools.
2. How is it possible for the average annual earnings of nonunionized workers to exceed those of unionized workers even though unionized workers’ hourly wages are more than $2 higher?
Camera Shop will discontinue its operations next month. Explain will this information alter your pricing decisions today.
What are the terms of trade? (At what rate would you each be willing to trade?) f. Using graphs for both you and Pat, show that trade allows each of you to achieve a point on your consumption possibilities curve which is greater t..
I think the blaming China is just another move by the administration to take the country in the wrong direction, possibly with tariffs or restrictions on imports for countries such as China.
A monopolist faces demand given through: P=100-4Q and has marginal costs given through: MC=10+2Q Create the demand, marginal revenue and marginal cost curves. Compute and demonstrate how much this firm will sell and what it will charge.
Calculate and graph what happens to G, AD, GDP, and Prices if the government increases government spending by 100 billion and the MPC = .80. Calculate and graph what happens to T, C, AD, GDP, and Prices if the President raises taxes by 100 billion an..
We would like to estimate the need for physicians in a country. What approach would you follow to estimate the need? Briefly describe the method you are proposing (describe one method only) and discuss some potential limitations of the approach.
If the average level of consumer surplus for each hotel guest equals $24, illustrate what is the total consumer surplus per night.
Graph the Bens consumption function also find their households marginal propensity to consume.
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Does Zara experience disadvantages from its "fast-fashion" allocation system. Are these disadvantages offset by the advantages.
what are the risk in management when you don''t have a fix plan of what you want o accomplish?
q1. while we often associate informal financial arrangements with poorer countries where financial systems are less
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