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1.) With an economic perspective write a brief summary of the current event article
- The Washington Post"Coming Soon to an Airport New You - Flight Delays" 4-19-2013
2.) Write your opinion and application of this article to your life
1. Describe the welfare costs of a monopoly.
2. Discuss the regulator organizations that monitor anti-trust in America. Name these organizations and their functions.
3. Summarize in 100 to 150 words the concept of determining labor market equilibrium
4. Summarize in 100 to 150 words the elements that determine the minimum wage in America.
5. Define a monopsony market for labor. Is it a wage maker or taker? What does the supply curve look like and why? Discuss the relationship between the marginal labor costs and wage rates. What determines the amount of labor that a firm hires?
6. Name and discuss the different types of labor unions. Be sure to include specifics.
1. given the following information on the chinese balance of payments in billions of u.s. dollars answer the questions
Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.
The government should provide such goods as health care, education, and highways because it can provide them for free.” Is this statement true or false
When the price of a commodity falls by Rs.2 per unit,its quantity demanded increases by 10 units. Its price elasticity of demand is (-)1. Calculate its quantity demanded at the price before change which was Rs.10 per unit. You may change Rupee[In..
Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run, if L = 250 and K = 25, what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate?
questionnbsp coal shortage at china plants chinese power plants have run short of coal an unintended effect of
If the price in this market were $160, explain why this would not be the market equilibrium price and find the equilibrium price and equilibrium quantity exchanged for this market.
The California Instruments Corporation, a producer of electronic equipment, makes pocket calculators in a plant that is run autonomously. The plant has a capacity output of 200,000 calculators per year, and the plant's manager regards 75 percent o..
Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient
Calculate the profit maximizing price and quantity of subscriptions for the U.K. and indicate each on the appropriate graph. Do the same for the U.S.
Does the company behave like a monopoly or more like a competitive firm Has the monopoly been cited for monopoly behavior If so, discuss the behavior and the final outcome of the case. (Hint: Both Microsoft and Wal-Mart have been found guilty of m..
ention each account affected and the appropriate amount. Also, assuming your bank lends out money to the extent allowed by law, how much will the money supply grow beyond the initial $100,000 deposit?
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