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Question: Discuss the likely effect of each of the following on the unemployment rate:
a. The length of time workers are eligible to receive unemployment insurance payments doubles.
b. The minimum wage is abolished.
c. Most U.S. workers join labor unions.
d. More companies make information on job openings easily available on Internet job sites.
This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.
If a regulatory agency determines electric prices on the basis of a fair rate of return on investment," how might its price-setting standard affect the use of fuels in producing electricity? Would fuel oil producers favor the fair-rate-of-return m..
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which..
Suppose that the market for primary care physicians (PCPs) has monopsony power. The supply of PCPs is Ls= -500+2W, which can be rewritten as W=0.5Ls +250. The marginal cost of PCPs equals MC=Ls +250 and the (inverse) demand for PCPs is : W=(1000/3)-1..
a group of rogue french farmers has gone on a furious egg breaking rampage destroying tens of thousands on roads and
Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results.
a. it is often suggested that the bank of canada try to reduce the inflation rate to zero. if we assume that
You examine your organization regarding how it is affected by these economic variables and policies.
How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs - If a firm was to find a new technology that cut the required ageing time in half, how would it affect the demand for ..
Suppose that federal law requires that the price be the same in both locations. What price will Kayla charge now? How many gallons will be purchased? And what happens to her profit?
The ratings for the three formulas are as follows: A 35 36 44 42 37 40 B 43 44 42 32 39 41 C 46 47 40 36 45 49 What is the value of chi-square at the 5% level of significance?
Suppose demand is given by QD = 100 – P and supply QS = P. If buyers pay a tax equal to 10, what is the after-tax demand? Do the same computations as the previous exercise, and show that the outcomes are the same.
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