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Farm workers in Oaks Farmville face a 1/198 probability of death at work and each of them receives a yearly wage of $61,000. Farm workers in Valley Farm face a 1/54 of death at work. Assume that both kinds of job require the same level of skills, effort and that all workers have the same preferences and tastes. The values of an statistical life is computed to be $7,000,000. How much the workers in the risker job should should get paid?
Explain what should be the production level if fixed costs rose to $70,000 per month. what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity.
Research one case of trade restriction, implemented by any nation. Research your topic, using at least 2 sources, and write a brief report (approximately 2 pages) on your findings.
Arizona approved 98 patients for organ transplants, but those patients have been told they can no longer receive the transplants because of budget cuts. The state is facing a $1.5 billion budget deficit and has cut all of their state-funded lung tran..
A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2
If the government imposes a limit on sales of a good or service by issuing a license that gives the owner the right to sell a given quantity of the good, the difference between the demand and supply price
What role do monetarists believe the government should play in the economy and why? After that has been discussed, what Keynesian and New classical economists believe about macroeconomic policy? Which role of thinking do you think you would fit in?
Each firm can monitor the other's price very closely and can respond instantly
What do economists mean when they say markets are mutually interdependent? Give an example to support your explanation
Research and describe the internal and external environments of 2 real world companies using an environmental scan. Determine what competitive advantages each company has and what strategies each company is using.Hoe does each company create value an..
Compare and contrast two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.
Provide examples of different tools businesses use to identify the elasticity of their different customers. Also elucidate how the financial aid department determines student elasticity.
In less developed countries, what does the brain drain refer to?
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