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What factors explain wage differentials? why do movie stars get paid much more than school teachers? The answer must be explain the concepts as if your explaining it to a person who have no knownlege with the subject.
Why does nearly every purchase you make provide you with consumer surplus - compared to the short-run supply of rental housing, long-run supply.
You own a bond portfolio and expect the market rate of interest to decrease for the foreseeable future. (a) What should you do with regards to the Duration of the portfolio and your own investment horizon? (b) What are the two reasons for doing so?
If salary and prices are completely flexible, then an unfavorable productivity shock would raise both the natural rate of unemployment and the actual unemployment rate.
At the nonaccelerating inflationary rate of unemployment (NAIRU):
A local phone company has three family plans for its wireless service. Under each of these plans, the family gets two lines (phones) and can make local and long dis- tance (within the United States and Canada) calls for free so long as the total numb..
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
Suppose that 20 workers were required in 2010 to produce 20,000 bushels of wheat on a 1,000-acre farm. a. What is the average output per acre? bushels per acre. What is the average output per worker?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. Based on this infor..
Per the text, both the government and industry have specific and valid interests in data, yet the government’s needs may well exceed those of private commercial contractors. From a contractor’s perspective, analyze the government’s data rights with r..
q.describe the following terms in your word.bull gross domestic product gdp bull real gdp bull nominal gdpbull
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, one internet business such as grocery home deliveries have continually suff..
q1. what is the rationale behind the mini-max regret rule? illustrate several less formal and precise methods of
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