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In the typical signaling model, it is assumed that the costs of acquiring an education are higher for low-ability than for high-ability workers. Suppose that the government steps in and subsidizes low-ability workers for the higher costs they incur in getting an education (such as giving everyone who has been in school for 12 years a high school diploma, regardless of the person's performance in the classroom). Discuss what happens to the signalling value of a person's education. Can there be a perfectly separating equilibrium in this labor market?
Consider a perfectly competitive firm's marginal revenue product of labor curve shown in the diagram. Using the line drawing tool, draw a new line that shows the effect of a decrease in the demand for the product produced by this fm. Label this li..
Given a territory and a time range, the gross domestic product is the sum of all the values added. The term value added is open to interpretation. Since the value added of a product or service is its total value minus the value of the intermediate pr..
Small mistakes are the stepping stones to large failures. How might this saying apply to the simple model of the firm and marginal analysis? Do you agree? In your responses
q1. sanborn a manufacturer of electric roof vents realizes a cost of 55.00 for every unit it produces. its total fixed
What is the economic justification for zoning laws, which restrict the private property owner’s right to do what he or she wants with his or her property?
mustard and mayonnaise are substitutes. mustard and relish are complements. mustard is a normal good. during the summer
If you deposit RM3,000 with each bank, illustrate what will be the difference in the two bank account balances after two years.
. Abstracting out this income effect would leave the quantity of X unchanged. On the other hand, beyond the switch point, only Y is consumed and no changes in Px will have any income or substitution effect.
Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.
If 7,218 of the Ahmadi cell phones were priced at least $119.00, how many cell phones were produced by Ahmadi, Inc.?
suppose there are two diners. What will they order (at a Nash equilibrium)? b)suppose there are four diners. What will they order (at a Nash equilibrium)?
q. 1. the article states starting about 1950 the relative returns for schooling rose and they skyrocketed after 1980.
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