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Q. barbers who have turned farmers will drive down wage rate but will still be earning more than if y had remained barbers. In equilibrium wages in two occupations will be equal IF all or characteristics of jobs are equally desirable (a BIG assumption). G. Who benefits from technological progress in farming Farmers or barbers?
the central bank raises the actual inflation rate to 4% which sequence is most such way to occur.
Could the oligopoly market structure benefit both consumers and businesses by forging common standards in industries that experience rapid technological change.
Compute the real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
Why might a company use an indirect cost discrimination scheme versus direct cost discrimination
Elucidate how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
If you were a manager at PepsiCo, would you try to convince your colleagues while introducing the new soft drink is the most profitable strategy.
Illustrate what is the minimum product price at which the firm will operate in the short-run. Elucidate how many workers should the firm employ to maximize profits.
Illustrate what are the arguments for using real per capita GNI to compare living standards between countries. What weakness does this measure have.
Explain how that the balance sheet balances if these are the only assets and liabilities.
Illustrate what is the marginal cost of a string. Calculate marginal revenue and marginal cost for each quantity.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
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