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1. Consider an individual facing a wage rate w. There's a total of 100 hours
available for work or leisure in a week.
(a) Represent his budget constraint graphically
(b) Represent the effect of an decrease in the wage rate
(c) Represent the effect of an proportional tax on labor income
(d) Suppose that the individual must pay a 10$ per week in taxes, regardless of how much he works. How does this affect his budget constraint?
Stock Market: A place where shares of joint stock corporations are sold andbought. Most modern stock markets no longer have a physical presencehowever rather connected computer net
what is the total cost if the price of 10,quantity demanded is 900000, at $20 it is 800000? The author is paid 2 million dollars to write a book, the marginal cost of publishing t
a. Using the data in the tables below, graph on the grid the demand and supply curves for milk, assuming that all factors other than the price of milk are held constant. Connect a
Perfectly Competitive Markets * Characteristics of Perfectly Competitive Markets 1. Price taking 2. Product homogeneity 3. Free entry and exit * Price Taking
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
Uses of Balance of payments account: It removes the uncertainty associated with the flexible exchange rate regime and brings stability. It also indirectly imposes some anti inf
determination of rent
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
What happens to the market for cchicken wings if the price of beer increases?
Questions 1. Mrs Holt, 85 years old, has been admitted to acute care following a fall resulting in a fractured femur. She is a widow and lives alone with her three cats for compa
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