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The idea that the demand for autoworkers stems from the demand for automobiles is A decrease in the wage rate will change When a large amount of output is produced per unit of the input, the input is said to exhibit
The demand for _________ is a "derived demand."The demand for inputs is a derived demand becauseA car manufacturing company adopts a new technology that, ceteris paribus, increases the productivity of capital. At the same time, workers unionize and demand higher wages. Assume that for this firm capital and labor are substitutable. Which of the following is most likely to occur?Factors of production that can be used together to enhance the other's productivity are?
Great post, you gave us a lot of useful information but how do you think that net exports will affect each of the items listed.
Hebron and Stack discuss the fragmentation of nations - the rise of smaller units within a nation. While this is certainly happening at the same time as increasing market integration and globalization, is this a product of globalization or is mere..
Why should this policy be undertaken under conditions where economy is at some GDP level less than full employment level? You may use a long run aggregate supply curve to bolster your argument here.
Illustrate which of the following tax systems could NOT be structured to satisfy conditions of vertical equity.
Elucidate how many car companies will buy a latest car assembly machine. Interest payments are made once a year.
Assume that at this time in the nation of Economic when families split up there are no required child support payments.
Explain at the current price, eight units are demanded each period. If the objective is to increase total revenue, should the price be increased or decreased.
Illustrate what matters is not the absolute abundance of factors, but their relative abundance. Poor countries have an abundance of labor relative to capital when compared to more developed countries.
How much labor should the firm employ? What are its resulting output and profit? What effect will this have on the firm's optimal output? Explain.
What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition?
If a bank reserves of $100 million and checking deposits of $700 million, how much are the bank's: (a) required reserves? (b) excess reserves?
Consider a simultaneous-move auction in which 2 players simultaneously select bids, which must be in nonnegative integer multiples of one cent.
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