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The Occupational Safety and Health Administration (OSHA) promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards is to require the employer to furnish personal protective devices to employees (labor) such as earplugs, hard hats, and safety shoes. Analyze the possible employment effects of the second alternative approach if the OSHA believes that it offers greater protection from injury for the workers.
suzie purchases two goods- food and clothing. she has a utility function u9x,y0 x*y where x denotes the amount of food consumed and y the amount of cloting. the marginal utilites for this utility function are MUx=y and MUy=x she has income of M do..
The State of Wyoming spends about $300 million dollars per year on higher education, and also provides generous Hathaway Scholarships. Does higher education provide enough positive externalities for that state subsidy to make sense economically.
These costs are depends on a budgeted volume of 80000 units developed and sold every year. Lafluer uses cost-plus pricing methods to set its target selling price.
Discuss some of the damaging effects deflation has on an economy and what would be a monetary policy prescription to decrease or eliminate deflation?
In the late 1960s, Milton Friedman and Edmund Phelps argued that there was not a structural relationship between inflation and unemployment rates. In particular, the trade off could only exist in the short -run.
Chris Cook studied the same situation and decided that the solar system will not require the $180 of maintenance every 4 years. Chris believes future replacements of either the conventional electric water heater or the solar water heater system ca..
Explain how is Brazil affected, explain how does the size of this effect depend on the volume of trade between Brazil and the United States.
Illustrate the price elasticity of demand at the equilibrium price and quantity.What is the price elasticity of supply at the equilibrium price and quantity.
The economics student knows that profit maximizing manager will produce quantity where marginal revenue equals marginal cost
Make sure to properly cite and reference the article in your review, along with any additional sources that you use.
This solution shows graphically what could happens to quantity sold when a price ceiling or a price floor is imposed.
Use both an individual's indifference curve and budget line, and the aggregate labor supply curve to explain and illustrate your answer.
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