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What would be reasons a worker's wages might be above the level that balances supply and demand? An analysis of the impact that government policies have in addressing income inequity and poverty could have an efffect on labor demand or supply.
A firm is currently producing their profit maximizing quantity of 600 units of output using 150 hours of labor and 50 hours of capital. The marginal product of labor is 10 units of output per hour and the marginal product of capital is 30 units of ou..
Compute the price of a $ 8,818 par value, 12 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield.
Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q...
In a small, rural community, the aggregate labor supply curve is given by L^s = -40 + 10w and aggregate labor demand by L^D = 160-10w, were w is the hourly wage rate. After a national story about the quality of life in the small town, migration shift..
what percentage of assets do commercial banks hold in loans? what percentage of assets are held in mortgage loans?
Consider a perfectly competitive market described by the supply function P = 20 + 0.3Q and demand function P = 120 - 0.2Q. If the government intervenes in the market and imposes upon firms a specific tax of t = $5 per unit of output sold, then once t..
illustrates the likely effect on the marketplace for eggs. Indicate in each case the impact on equilibrium cost also equilibrium quantity.
Describe how a change in income and/or walth impacts saving and consumption patterns under; 1) the permanent income hypothesis, 2) the life-cycle hypothesis; and 3) Halls random walk Hypothesis
If each surgeon is paid P24,000.00 per day and the medical firm's total fixed cost is P650,000.00, what is the average cost of the output produced.
In the consumption savings model, suppose that we have a representative consumer and his utility is given by U(c, c') = min {c, βc'} The budget constraint for the consumer is c + s = y - t second period budget constraint is c'= y' - t' + (1 + r)s. Fi..
The distribution of family income is preferable than the distribution of household income because. The long-run average-total-cost curve does not connect the minimum points of each of the short-run average-total-cost curves. The long-run average-tota..
Draw a supply- demand diagram of the federal funds market and show the effects of a Federal Reserve Purchase of $85 billion in US Treasury Notes during a Quantitative Easing Campaign after the Fed has already lowered its Fed funds target to 0 - .25%.
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