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The existence of unemployment
a. Suppose the unemployment rate is very low. How easy is it for firms to find workers to hire? How easy is it for workers to find jobs? What do your answers imply about the relative bargaining power of workers and firms when the unemployment rate is very low? What do your answers imply about what happens to the wage as the unemployment rate gets very low?
b. Given your answer to part (a), why is there unemployment in the economy? (What would happen to real wages if the unemployment rate were equal to zero?)
what can you say about m and n?
Cash flow estimates for a process upgrade are as follows: first cost of $40,000, annual cost of $6,000 per year, market value that decreases by $2,000 per year to the salvage value of $20,000 after the expected life of 10 years. Calculate the annu..
Suppose we have a single-variable input production function such a Q=f(L), where L is the number of workers and Q the quantity of output per day. Workers are paid a flat salary of $200 per day.
The Charm City Cereal Company makes a cereal from several ingredients. Two of the ingredients, oats and rice, provide vitamins A and B. The company wants to know how many ounces of oats and rice it should include in each box of cereal to meet.
elizabeth m. suburbs makes 200 a week at her summer job and spends her entire weekly income on running shoes and
Perform a t test on the slope coefficient and the intercept of the educational attainment function fitted using your EAEF data set, and state your conclusions.
"Suppose the production of airframes is characterized by a CES production function: Q=(K^0.5 + L^0.5)^2 (MPL = (K^1/2 + L^1/2) /L^1/2), MPK = (K^1/2 + L^1/2) /K^1/2) Suppose that the price of labor is $10 per unit
the comparative banking assignment on market power.you works for a leading consulting company who are advising the
find the present worth present cost of a simple maufracturing project where the initial investment is 413000 and the
Joe the Plumber runs a competitive firm. He does 20 works per week, and charges $50 per week. His total cost each week is $1200, of which $300 is Fixed cost. Draw a diagram about his short and long run decision.
what allows companies to distribute the same prescirption drug for two different prices Why dont competitiors under cut their price in the Western countries (i.e. United States)
Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?
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