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In the labor market, the demand and supply model predicts that new technologies could raise the pay of high-skill labor but reduce the pay of low-skill labor. Explain why and demonstrate your point with a demand and supply diagram.
Please analyze a current events article which deals with a highly competitive industry in a field such as technology, medicine, or manufacturing. Your analysis should include the factors driving change in the industry. Explain if there is the potenti..
In what ways and to what extent did coffee production contributed to the growth and development of the Brazilian economy before 1930.
Suppose that Portugal and Germany both produce oil and olives. Portugal's opportunity cost of producing a crate of olives is 3 barrels of oil while Germany's opportunity cost of producing a crate of olives is 10 barrels of oil. Based on your answer t..
Suppose you are given the following prices for two U.S. Treasury strips. Maturity date, Price, Yield to maturity: Nov 2014 41:25 6.83%,Nov 2015 38:27 6.87%. Assume for simplicity that the maturity dates are exactly 13 and 14 years from now (November)..
Which resource of production is the only one which nations can significantly increase in the short term.
A rise in the price of a smoothie from? $2 to? $3 results in a decrease in the quantity of smoothies demanded from 220 million to 180 million a day and at? today's price of a? muffin, $1.50, the quantity of muffins demanded increases from 80 million ..
If there are only two goods, if more of good 1 is always preferred to less, and if less of good 2 is always preferred to more, then: indi erence curves slope downwards.
If you have to make a random guess and there are four possible answers, what is the expected value of guessing?
If the Bill and Melinda Gates Foundation were to buy out and destroy the patent for Combivir, which of the following would NOT be one of the effects? Monopolists typically prefer not to segment markets.
Nokia sells a new budget cell phone. Based on information provided by the accounting department, the average variable cost is: AVC = $30 + Q The average fixed cost is: AFC = $9,000,000/Q where Q is the number of phones. The phone sells for $50. Show ..
Consider the Cobb-Douglass function f(x1, x2) = (x1) α(x2) β , where α and β are both constants strictly between 0 and 1. Pick any values for α and β such that α + β
A firm in an oligopolistic industry has identified two sets of demand curves. If the firm is the only one that changes prices (ie., other firms do not follow), its demand curve takes the form Q=82-8P. Calculate marginal revenue curves for each. Devel..
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