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The labour- force participation rate of married woman has more than doubled over the last 50 years. One economic influence on this rate was the increase in women's wages over the period. Another economic influence was the increase in men's wages, which raised the standard of living for most married woman.
a. Using an indifference-curve diagram, show and then explain how a rise in the income of a husband can lead to a fall in the number of hours worked by his wife. What assumption do you need to make about leisure to get this result?
b. Using another indifference-curve diagram, show and then explain how a rise in female wages affects a woman's decision of how many hours to work.
"Monopolistic competition is monopolistic up to the point at which consumers become willing to purchase close-substitute items and competitive beyond that point." Describe
VMIC Corporation has asked you to look at the following data. The interest rate is 10 percent.
The most prominent benefit offered by many firms is health insurance. Suppose that in 2000, workers at one steel plant were paid $30 per hour and in addition received health benefits at the rate of $6 per hour.
How does an increase in the price of widgets affect the: And describe the effects in detail?
Demand and supply situations in perfectly competitive market for unskilled labor are as follows, Estimate the industry equilibrium price or output combination both graphically and algebraically.
Each class member shall prepare a written report concerning the performance of a company of their choice and based upon observation period, offer forecast of companies' future sales and revenue
Alan Greenspan,chairman of the fed ,was the leading proponent of the view that it is too difficult , and potentialy too harmfull,topop a bubble by raising interest rates..if bubble emerged, better to quickly lower interest rates to cushion the blo..
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.
Assume also that her money holdings or the price level stay constant over time. write down the “life-time” budget constraint of this farmer,assuming that her planning horizon extends only two periods into the future.
In the early 1980's just as serious health effects were being noted regarding sugar consumption, Kellogg's changed the name of Sugar Pops to Corn Pops (the sugar content didn't change) and the name of Sugar Flakes to Frosted Flakes (still sugar co..
Write an assembly language subroutine
An economy is currently in equilibrium and the following figures refer to elements in its national accounts and what is the current equilibrium level of GDP and what is the level of injections
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