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Question: Suppose one firm's labor demand function is:
D(w) = 2w + 50;
(a) if this firm hires in a competitive market with the marginal expense ME = 10, then what is the employment level for this firm?
(b) if there are 100 firms that are exactly the same like this one hiring labor, what is the market labor demand function? Further, assume the market sup- ply function is S(w) = 300w, then what is the equilibrium market wage and employment level?
How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?
The Virtual Network Approach to Organizational Structure
Using the mid-point formula, determine whether the following goods are elastic, inelastic or unit elastic: Price quantity demanded $12 50 $10 70 $8 80 $6 95 1.
Weak Coal Prices Hit China's Third-Largest Coal Miner The chairman of Yanzhou Coal Mining reported that the recession had decreased the demand for coal.
If the price of gasoline doubled, how would consumption of gasoline.
Under the assumptions of perfect competition:
phillips industries manufactures a certain product that can be sold directly to retail outlets or to the superior
discussing and analyzing the research and the application - Education and Tourism Industry in Australia
Which of the following statements best describes the differences between the Classical and Keynesian models presented in class
Businesses continually pressure the Federal Reserve to lower nominal interest rates. They argue that this action will lead to beneficial results in the economy.
For each of the following, indicate whether it is more likely to be associated with a laissez-faire economy or a centrally planned economy.
What are the advantages and disadvantages of the corporation as a form of business organization - explain how the capacity utilization rate and the interest rate affect the level of investment.
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