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Suppose that the demand for undocumented immigrants by U.S. employers is Ed =100–w, and the supply of labor by undocumented immigrants is Es =3w, where E is measured in thousands.
a) In the absence of any enforcement efforts (border or otherwise), how many immigrants enter the United States? What is the equilibrium wage?
b) Now suppose that the government devotes resources to patrolling the border. Suppose that these efforts lead to the capture and repatriation of two-thirds of the Es immigrants who seek to cross into the United States illegally. (In the interest of simplicity assume that the supply of labor is still Es =3w.) What happens to the equilibrium wage and the level of employment?
Suppose the production function is Cobb-Douglas, y = x 1/2 1 x 3/2 2. What is the technical rate of substitution? Does this technology demonstrate increasing, decreasing or constant returns to scale?
Is there much research into the long term impacts of government fiscal contractions. I have heard about 2nd generation unemployed as a result of Thatcher's policies but that is very much anecdotal. What does the literature have to say on the matter?
Using the supply and demand analysis of the market for reserves indicate what happens to the federal funds rate, borrowed reserves and non-borrowed reserves, holding everything else constant, under the following situations. The Fed conducts an open m..
Suppose that there is an exogenous unexpected decline in consumption spending by households. Use the IS-LM, AD-AS model to derive the short-run and long-run effects on i, P, and Y.
Exhibit 5-5 GDP data (billions of dollars) Personal consumption expenditures $5,207 Interest 425 Corporate profits 735 Government spending 1,406 Depreciation 830 Rental income 146 Gross private domestic investment 1,116 Compensation of employees 4,42..
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.
Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.
Elucidate the role of differentiation in the market for pizza. Then apply the feedback critique to the role of differentiation in the industry.
The slope of a budget constraint is the “rate of exchange” in the market. What is the slope of an indifference curve? a. The marginal utility of the product being purchased and consumed. b. The relative marginal consumption value. c. The opportunity ..
Explain how premium business models work. Make sure to include the mathematical equations we used in the Dropbox case study to describe the economics of this type of offering (calculating how many paid customers are needed to support free customers).
What would be its (cost-based) markup ratio? Now suppose the demand curve the firm faces is:Q = 3000 - 50 P. Is the firm going to achieve its profit goal? Explain.
What is in USD million dollar conversion? Below all number RMD to USD MILLIONS?
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