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A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 100,000 pages per day. One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
In current decades, women have worked more hours in paid jobs also fewer hours in up paid housework.
In a standard supply and demand labour model, firms "demand" labour while workers "supply" labour. Let's think about a labour market that is in equilibrium, with a wage of $20 per hour and with 14 million individuals working out of a total of 16 mill..
When the price of wheat rises, the quantity of when demanded falls, and when price of wheat falls, the quantity of wheat demanded rises. Therefore, the demand for wheat is not a horizontal line.”
Explain how the market will respond to the new product. If demand is high, then it's worthwhile to make the extra investment for special facilities also equipment needed to produce the component internally.
Which of the two nations has better prospects for the future and why. Provide a reasoned opinion.
The legislature has stated that the $.03 tax will increase goverment revenue by $300,000 per month and raise the price of gasoline by $.03 per gallon. is this correct.
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Assume he takes welfare and does not work. Illustrate what is his reservation wage. He will not lose his welfare if he works.4. Suppose he is working and receives no welfare.
Explain how much must government spending increase to eliminate the GDP gap.
Explain what happen if all workers and jobs were identical, there would be just one wage rate, assuming perfect information and costless mobility.
Why do you think motorcycle makers did not adopt voluntary emissions standards? Should they have done so? Why or why not?
Evaluate the U.S. nursing shortage in terms of demand and supply.
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