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1) Using the value of its marginal products, explain how the demand for capital is determined.
2) List the factors that influence the supply of loanable funds and the factors that influence the demand for loanable fund.
3) Identify some reasons why an individual's labor supply curve is typically upward sloping.
4) Using market demand and market supply of labor, explain why unionized workers often command a higher wage rate than non-union labor.
Determine the performance of the hospital industry
Which of the following statements about the distribution of physicians among specialties is true in the United States?a) The majority of physicians specialize in general/family practice b)There are twice as many generalists as there are specialists
A school fundraiser raffles off a free trip to Hawaii. Many people purchase raffle tickets, but there is only one winner.
Electrical power costs at a mine are estimated to be $850,000 in each of the next 12 years. Find out the present value of this expenditure at an interest rate of 11%.
Payments to the fund will be made quarterly, starting theee months from now. If the interest rate for the sinking funs is 8% compound quarterly, how much will each deposit be?
4. "I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: A. Irrationality B. Rising real wage C. Deflation always being better than inflation
Now suppose current and future consumption are perfect complements you can only enjoy current consumption if you consume it with two units of future consumption (U = min{2C1, C2}). What is your optimal consumption bundle?
In each of your examples, show how innovation and learning-by-doing are important to the dynamic increasing returns in the industry.
Manning only consumes goods X and Y. His marginal utility from consuming good X is 4, and his marginal utility from consuming good Y is 5. If the price of X is $6, the price of Y is $8, and Manning's income is $48, how much of good X will he purchase..
ace and baumont corporations make and sell electrical equipment. both have to decide whether or not to discount. the
two alternative replacement machines are being consided to replace a current one. machine a has a first cost of 75200
Which of the following would be an example of an external benefit - The study of external costs is a major concern and Which of the following is an example of an external cost?
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