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(i) Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping?
(ii) How does technological progress shift the labour demand curve?
(iii) Professors, lawyers and doctors receive similar amounts of education, why are professors paid less than lawyers and doctors?
(iv) Why are workers with good looks paid higher in some jobs, but not in others?
Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?
Illustrate what changes in the Ants' resources do we see through the film. Are the Grasshoppers commercial talent and they are just annoying.
Explain your policy combination in details (This is an open ended question) - Which of the policies is/are a monetary? - Which of the policies is/are fiscal? - What are the differences between monetary policies and fiscal policies?
Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.
Look at the inflation adjusted data also identify the periods of negative real economic growth. Illustrate what might have caused every of these periods of economic decline.
Assume which one company acquires all the suppliers in the industry and thereby creates a monopoly.
However, firms that have installed expensive air purification systems are able to eliminate fumes from the glue inside the plants. Suppose that 50 of these pillow-manufacturing jobs exist in firms with air purification systems, while the other 150 of..
The first national bank received 3,000 inquiries following the latest advertisement decribing its 30-month IRA accounts in the Boston World, a local newspaper. The most recent as in similar advertising campaign in Massachusetts Business, a regional b..
Consider the following project balances for a typical investment project with the service life of four years: Determine the interest rate used in computing the project balances. Construct the original cash flows of the project. Would this project be ..
How much profit will monopolist make if she maximizes her profit. llustrate what would be value of consumer surplus if market were perfectly competitive.
By raising and lowering short-term interest rates to keep inflation moving at a steady pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer booms and busts of the business cycle.
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