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Q. 1. Predict what would happen to the labor force participation rate of women if wages for women decreased. Explain.2. Predict what would happen to the labor force participation rate of workers in their 50s if Medicare benefits (large health care subsidies for the elderly) were lowered to age 55. Explain.3. In some urban neighborhoods, crime is a potential source of non-labor income for many individuals. Explain how this might affect labor force participation rates in these neighborhoods.4. Consider yourself. Is your individual labor supply curve upward sloping, downward sloping, or backward-bending? Explain.5. Compare and contrast the substitution effect and the income effect in the work hour's decisions of individuals.6. What happens to the work hours of an individual if her wages increase and the income effect dominates? Explain.7. What are the strength of the neoclassical models of labor supply and labor demand? What are the weakness of the neoclassical models of labor supply and labor demand?
Identify the point on the budget constraint this worker has chosen. Explain how much is he working per day.
What are factors that shift supply curve for this good. How do you expect supply and demand of your selected good to change in next year. Relate your expectation to price and quantity.
In your words, compare and contrast a positive and a negative externality. Be sure to provide an example for each. How does a positive or negative externality
Chief Executive Officer (CEO) Pay There are several possible methods for determining the pay of CEOs in large corporations.
If Mutual Fund A held equal amounts of 100 stocks, each of which had a beta of 1.0, and Mutual Fund B held equal amounts of 10 stocks with betas of 1.0, then the two mutual funds would both have betas of 1.0.
What is the discrepancy between net benefits and the benefits cost ratio? That is, typically why is the maximization of net benefits the same as the maximization of the benefits cost ratio?
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
How much of each good does Alice buy as well as how much does she work.
Determine how sensitive the decision to invest in the new facility is to the estimates of initial cost and net annual revenue. Use a MARR of 4% per year and a 5-year study period.
Assume that health production is subject to diminishing returns and that each unit of health care employed entails a constant rate of iatrogenic (medically caused) disease. Expalin why would the product of health function eventually bend downward.
What factors led to the mortgage default crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?
What does this mean for your company? What is the cross-price elasticity for your product? What type of goods are Good A and Good B?
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