Discuss the economic factors affecting your decisions

Assignment Help Microeconomics
Reference no: EM13692475

If you could live anywhere in the world, where would you choose and why? What is one location in the world you would never, ever live? Why not? Be sure to consider and discuss the economic factors affecting your decisions, especially the labor market. Are there labor laws, regulations or unions which affect your profession and if so, does location matter? Would it be difficult to participate in your chosen profession overseas? Why or why not?

Reference no: EM13692475

Questions Cloud

Assume interest is determined only at the end of each year : Acme is selling 8.00%, $1000. Bonds for payment in 15.0 years (face amount of $1000, coupon rate of 8.00% with a 15-year maturity). That is, the bond will pay 8.00% of the principle at the end of each year and then 108% at the end of the 15th year
Determine the present value of these future savings : A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present value of ..
Changes would affect the natural rate of unemployment : Discuss briefly how each of the following changes would affect the natural rate of unemployment.
Differ from a monopoly from the consumer point of view : If all of the farmers who produce oranges get together and make a deal with the government to establish best price and output levels for the orange industry such that profits are maximized for the entire industry, what would the profits look like on ..
Discuss the economic factors affecting your decisions : If you could live anywhere in the world, where would you choose and why? What is one location in the world you would never, ever live? Why not?
Firm uses three inputs to produce its output : Suppose that the firm uses three inputs to produce its output: capital K, labor, L and materials, M. The firm’s production function is given by Q = K^ (1/3) * L ^ (1/3) * M ^ (1/3).
What is the marginal product of labor : A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000. What is the marginal product of labor?
Utility function problem : A sales person has the following utility function: u(w, ?) = sqrt(w, ?), w is the hourly wage and ? is the number of hours worked in a typical day. This person is choosing between 2 jobs.
Overall impact of this resettling of the fiscal variables : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Effect of bus fare on the demand for auto travel

The exponent of D in the above equation is +0.75.  What does this say about the effect of bus fare on the demand for auto travel? Is the demand for auto with respect to auto travel-time elastic or inelastic?  Please explain.

  What value of each index would she like to have in her car

Suppose Brenda"s preferences are such that she always receives three times as much satisfaction from an extra unit of styling as she does from gas mileage. What type of car will Brenda choose?

  Compute the optimal price that you should charge

As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Compute the optimal (profit maximizing) ..

  Assume government reduces public expenditure on goods and

1. consider a simple keynesian income-spending model of an economy described by the following equationsc 210 0.75yd

  Eplain five phases of supply management write the

describe the five phases of supply management. what are the prerequisites to bringing a firms supply management

  If q=k^1/3l^2 the mpl is what

If Q=K^1/3L^2 the MPl is what

  Suppose the recipient of a kidney transplant has stated

suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years

  A analyse a range of current economic issues and problemsb

a. analyse a range of current economic issues and problems.b. develop and communicate economic arguments in a variety

  Describe the diamond-water paradox and the solution

Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm Describe the Diamond-Water paradox and the solution Explain why price is greater than marginal revenue for a single-price

  Explain the exports effect of this change in the exchange

Explain the exports effect of this change in the exchange rate.

  Consider the product market for winter wheat

Consider the product market for "Winter Wheat". If the Government has established a price floor and intends to purchase all surplus wheat draw the likely demand and supply curves and identify the quantity demanded and equilibrium price.

  Assume that several years from now yield to maturity on

suppose that several years from now the yield to maturity on 2-year treasury note was 4.85 while the yield on a 1 year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd