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Discuss two factors that would increase demand for labor.
If the market price of the good or service that a firm produces increases, what happen to the demand of labor? Explain.
Suppose that some government-sanctioned licensing requirements are lifted (removed) in a particular industry. What would happen to the wage in this market? Explain.
Do some research on your own. In general, do you think the government should intervene in the labor market? (Be sure to cite your references.)
What are the marginal rates of substitution for each person and what is the formula for the contract curve and draw an Edgeworth box, labeling carefully, and indicate the contract curve.
consider that mcds big mac hamburgers are goods. how does and increase in consumers income affect the demandfor mcds
How much should this firm produce now, and what price should they charge? Explain, calculating total profit or loss earned at this quantity.
You're an entrepreneur and you've opened a restaurant in a nice area of town. Describe at least two long run decisions which you require to make about the business.
The recent Dominican Republic' economic history (since WWII) of the country or region with a focus on international finance, especially foreign exchange.
The town of Podunk has decided to provide security services to its resident by hiring workers (L) and guard gogs (D).security services (S) are produced according to the production function S=squr LD
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We are all affected by externalities. Environmentalists would love to see any kind of pollution banned completely. Do you agree with them? Or do you side with most economists, who argue that some pollution is better for society than none at all.
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.
A government has decided to phase out its antipoverty program support payments more slowly to help the near-poor become self-sufficient. One criticism about this policy is likely to be
Financial markets make it possible for those who have saved money to earn a reward by providing the financing for business formation and expansion. Business owners can seek financing through the stock market, the bond market, or the banking sector, o..
Suppose that the firm's production function is given by Q = 10KL1/3. The firm's capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
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