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When firms decide to pay efficiency wages, the number of workers who want a job at this higher wage will (increase/ decrease) while the number of jobs offered by firms will (increase/ decrease). This will result in increased (employment/ unemployment).
So in terms of economics, what was Karl Marx's contribution? What makes his economics different from the economics we learn today. Was he right or wrong?
Can you please help me determine the steps that a government let's say like the united states may take to increase the amount of money
Galvanized Products is considering the purchase of a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow 1/4th of the purchase price from a ban..
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
What type of economy is an economic system in which private businesses can operate freely with minimal state control?
Would you provide the possible reason to explain why the expansionary fiscal policy doesn't work in those countries?
You are the project executive of a monopolistically competitive firm. The present demand curve is P=100- 4 Q. Your total cost equation is C(Q)=50+8.5Q^2 , and MC = 17Q. What level of output should you set to maximize profits?
Steve was spending all of his income by purchasing 12 units of gasoline and 36 unit of potato chips. The price of gasoline increased from $32 to $94. The price of potato chips remained the same at $23. How much would Steve's income have to rise so th..
The initial price of a box is $100. Should you raise the price of your widgets? What will be the effect on total revenue?
Below is the PPF for a society, Rubberland. On a given day, the society can produce according to the PPF below and only makes these two products, rubber band balls and rubber hoses. Point A on the PPF represents what Rubberland currently produces. As..
Does a monopolistic competitor produce more or less output as compared to an efficient level of production? Explain. What are the benefits and drawbacks of this? Should the government intervene to alter this?
A number of states have passed laws that require all Medical Doctors who work at Planned Parenthood Clinics to have admitting privileges at a nearby hospital. This MD's may or may not perform surgical procedures. In addition, some of these clinics ar..
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