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Explain why, in a perfectly competitive environment, a profit maximizing firm will increase its labor force up to the number of workers that equates the prevailing wage rate to the value of the marginal product of labor (the marginal revenue product of labor).
Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.
12. mrs. smith is operating a firm in a competitive market. the market price is 6.50. at her profit-maximizing level of
a draw the supply and demand for apartments. assume in this market all apartments are identical so there is only one
Does the best regression model that you ran in problem 27 have severe serial correlation? How can you tell?
q1. the law in ruba says no worker shall be paid less than nine slugs per hour. estimate the quantity of labor supplied
You win the lottery and are promised by the Lottery Commission $12,000 a year for 6 years, starting next year. Assume the interest rate is 9%. What is the present value of this prize?
Returning to question 2, suppose the government put a tax on soda of $.50 per can to be paid by consumers. Graph the before and after tax supply and demand curve. What is the new ewuilibrium price and quantity?
Marian, a top graduate from Loyola in Humanities, was hired by a major corporation into a management position. Marian finished the corporation's management training program top in her group, and is performing above the norm in her position.
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
In the foreign exchange market, if the interest rate on foreign deposits increases, holding everything else constant,
Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?
Find out the Nash equilibrium cost for the two diners. How many breakfast club memberships will each diner sell in Nash equilibrium.
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