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Question: The wage rate rises to $25/hour and she decides to work 41.5 hours a week. At S25/hour, if she worked 49 hours a week at the new relative prices she would have been indifferent to her original work decision. Calculate the income & substitution effects associated with the wage change. Calculate the compensated (substitution) & uncompensated (total) elasticities of labour supply implied by her response to the wage increase.
according to the national bureau of economic research a poor family is the one whose income falls below one-half of the
A new hydraulic lift will cost $125213. At the end of its 9 years of useful life, the machine can be sold for $39492. The new machine will reduce annual expense
Can you explain more on the production possibility frontier graph? I'm confused by your answer on the points. Under points c and d it says 60,50,40 and 30 i believe. Can you explain please?
In your essay, be sure to draw and refer to a completely labeled labor market diagram and production function showing exactly how the classical economists explain this business cycle fact.
Would you expect the buyers of auto insurance to have a higher or lower than average probability ofhavi.ng an auto accident? Why?
Suppose college graduate earn$25 an hour and high school graduates earn $15 an hour. Suppose too that the marginal product of college graduate at Jonson Tools is five hammers per hours, while the marginal product of high school graduates is four hamm..
conduct an interview with a manager either one at your current place of employment or simply one that you know and find
Explain the law of demand and how it relates to a recent purchase that you have had to make. Analyze if a shortage was present in a store and you were a manager, how would you solve for this problem.
Assuming gator farming is perfectly competitive explain the long run competitive equilibrium condition for the typical gator farmer and the industry as a whole.
identify a recent purchase of an important capital item by an organization with which you are familiar. what factors
Name trade policies which are in place to manage our trade with rest of world
The problem belongs to Economics and it is discusses about what exchange rates are and why exchange rates are important for CFOs, investors and customers and describes three causes of changing exchange rates.
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