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Based only on the expected change in the relative supply of low-skilled labor in the U.S., do you expect that an increase in immigration of low skilled workers from Mexico to the U.S. will increase, decrease or have no eect on wage inequality in the U.S? why?
below is a list of domestic output and national income figures for a given year. all figures are in billions. the
If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?
From your perspective, how would suggest managing resources to limit the effects of the resource curse? If you were to conduct a Cost-Benefit Analysis of an open pit mine, other than accounting costs (construction, labor, operations and maintenance),..
Suppose that a rm has the production function given by f(x1,x2)=4SQRT(x1*x2) Let w1 = $64 and w2 = $1. What is the total cost of producing 20 units of output in the long-run?
Suppose you have $120 to spend on food and clothing. The price of food is $4 and the price of clothing is $8. a, Graph your budget constraint; calculate the slope of it. b, Briefly explain why your optimal choice is the point at which your budget con..
What is the marginal revenue of a firm that sells a product at the price of $15 and the price elasticity of demand for the product is -2? What is the price elasticity of demand of a firm that sells a product for $20 and marginal revenue is $12?
How do we graphically represent the utility maximizing bundle that consumers can afford?
Assume that the state government is interested in subsidizing the local production of steel. The current price of steel is $1600 per ton and the government wants to provide a subsidy of $100 per ton. Use a diagram to indicate the pre-subsidy situatio..
Estimates for a proposed small public facility are as follows: Plan A has a first cost of $50,000, a life of 25 years, a $5,000 market value, and annual maintenance expenses of $1,200.
As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes before you learn how strong demand is for homes in thi..
You have decided to purchase a large screen TV and the Rent to Own store. The TV would cost $1,200 but you will be making payments of $150 a month for a year. Assuming your MARR is 22%, compounded monthly, what is the present worth of this purchase?
The short-run price elasticity of demand for tires is 0.90. The mid-point formula was used for this calculation. The price elasticity of demand for gizmos is known to be 1.0 (in absolute value). Mark is selleing gourmet apples at a price of $2 per po..
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